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Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Jun 16, 2022

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by Mallikarjun on Jun 16, 2022Hindi

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I have a question regarding tax filing. I withdrew my PF amount this year. I was with my previous organization for more than 5 years. My question: Is this amount taxable?

Ans: The amount is not taxable if you were in your previous organization for more than 5 years and your account is not inactive for more than 3 years.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Nov 27, 2020

Question by kikki - Nov 27, 2020Hindi

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I have worked continuously in one organization for ~ 32 yrs having its own PF trust and left job at the age of ~ 54 yrs. I have withdrawn MY PF at the age of ~ 59 Yrs. My query is whether PF withdrawn (app. 35 lakhs) at the age of 59 yrs after leaving 5 yrs of job is taxable or not? FYI, 1. My organization has not deducted any TDS when PF was withdrawn at the age of 59 yrs 2. I was not employed after leaving job at the age of ~ 54 yrs as employee anywhere.

Ans: Since, you have worked for more than 5 years in the organisation, there is no tax on PF interest upto the period you were employed.Interest on PF is taxable after this period.

Mihir Tanna |1063 Answers |Ask -Follow

Tax Expert - Answered on Sep 09, 2022

Question by Ashok - Sep 09, 2022Hindi

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2. I retired in FY19-20 & due withdraw My PF in FY 22-23. I liable to pay tax on interest earned on PF for FY 22-23? The PF trust of my organisation is exempted establishment & recognised by IT dept.

Ans: Any payment from a provident fund is exempt u/s 10(11). However, as Interest is earned after retirement and in the absence of specific provision, it can be subject to litigation.

Mihir Tanna |1063 Answers |Ask -Follow

Tax Expert - Answered on Feb 16, 2023

Asked by Anonymous - Feb 10, 2023Hindi

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Dear Sir, I have completed 16 year of services in 3 organizations, epf contribution made from 2004 to 2020 my last job was from feb 20 to aug 20. After that I am not doing my own business and no epf contribution has been made since then. Now if I withdraw my epf will that be taxable

Ans: As you have completed 5 years of job, amount will not be taxable on withdrawal

Mihir Tanna |1063 Answers |Ask -Follow

Tax Expert - Answered on Jan 05, 2024

Asked by Anonymous - Nov 11, 2023Hindi

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Hi Sir. The current organisation I am working in, I will be completing 3 years in November end. My PF amount contributed is approx Rs. 80,000. I wish to resign from my current company since I have got a much better opportunity in a gulf country. So can I withdraw my whole PF amount after 2-3 months of when I will leave the Company. Will that amount be taxable. Please suggest?

Ans: Yes, amount received from EPF before completion of 5 years of service will be taxable and TDS will be deducted @10%

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Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 27, 2025Hindi

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My elder brother got a rank of 16557 in JEE advanced in general category, and 97.97 percentile in mains. He wants to get in an IIT irrespective of the branch . Will he be able to get any IIT ( he has not given AAT as he didn't want to pursue architecture).

Ans: Surely he will get some IIT. With a JEE Advanced rank of 16,557, a male candidate in the general category may find it challenging to get into the top IITs, but could potentially secure admission to newer IITs or some less popular branches in older IITs.

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Career Counsellor - Answered on Jun 29, 2025

Question by Kusum - Jun 27, 2025Hindi

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Sir i am a girl student from due to some reason i couldn't perform well in jee mains exam but i really want to do engineering.currently i have two option ece in banasthali vidyapith and cse ai and ml in quantity university roorkee suggest me what should i take ?

Ans: Go for cse ai and ml in quantity university Roorkee.

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Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 27, 2025Hindi

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Hello sir, my son got 98.93 percentile in mht cet ews category. Is there any chance to get Ai and Ml in top notch college of mumbai or pune? We also have a seat booked in Vit Bhopal. Pls guide us

Ans: He may miss the top notch colleges, but there is no harm in trying. But I would recommend take the admission in VIT Bhopal and if he gets the top notch college through MHCET then leave VIT Bhopal and join, only you will lose some money, what VIT Bhopal will deduct.

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Career Counsellor - Answered on Jun 29, 2025

Question by Manika - Jun 27, 2025Hindi

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Hello sir,I am a NEET aspirant .i gave my NEET exam in this year and this was my first attempt. According to my rank i could not be able to manage a seat in government medical college. But in jee i got IIT Kalyani CSE brunch. I am ver co fused about my decision. Should I take a drop or take the CSE brunch for a better career

Ans: Tell me first whether you want to be a doctor or Engineer, before I give you my counselling.

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Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 28, 2025Hindi

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Hello sir my son got 87.8%ile in jee mains he got CSE in vit chennai in 4 category and also got the same branch in kiit but now he wants to take drop will again prepare for next year jee mains so please suggest is drop a good option.Thanks

Ans: Drop is not at all a good option, he will be depressed. Send him to KIIT. Once the course starts he will adjust.

Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Question by Mohan - Jun 28, 2025Hindi

Career

Dear sir, My daughter got 104000rank in kcet we are considering aeronautical engineering, is there any chance of getting,we considering East West college and well Nitte Meenakshi request you to suggest we are confused with areounautical, aerospace. How about their placement.

Ans: These are highly specialized branches and placements are limited.

Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Question by Totahu - Jun 28, 2025Hindi

Career

Sir my son scored 93 percentile in jee mains from Rajasthan obc quota he is getting cse at IIIT manipur, CS at newton school of technology rishihood campus, and at other lower GFTI and state govt. colleges, my son is interest in newton but i think it is a risky College, Which should we prefer.

Ans: Send him to GFTI and state govt. colleges and be strict with him. Abhi seee control nahi kiya toh haat ka bahar jayega.

Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 28, 2025Hindi

Career

Sir Iam Getting Bharti Vidyapeeth Btech IT branch For 2.2 lakh per years fees... I don't have other option my MH CET rank is very low might get Mech/civil on that rank iam confused people suggesting me that Mechanical from some tier 3 college(having low fees) will also give placements if I work hard

Ans: I will never recommend Bharati Vidyapith. On the contrary I will suggest a TIER 3 College. 2.2 lakh per years fees is too much. Don't waste money. Take some remote Private College like LONI/KOPARGAON and reduce homesickness.

Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 28, 2025Hindi

Career

I study effectively well But when it comes to chemistry and physics My marks drop Especially in chemistry Even though I know the concept well and I can answer entrance questions I physics it's the opposite I do well in school exams mostly But when I solve entrance questions I don't know how and where to start What should I do

Ans: Practise, Practise and Practise.

Prof Suvasish Mukhopadhyay |1955 Answers |Ask -Follow

Career Counsellor - Answered on Jun 29, 2025

Asked by Anonymous - Jun 28, 2025Hindi

Career

If I do diploma in CSE from CCET Chandigarh and after that I complete my BTech from there will it be a secure path for good placement and job??? How much difference is there between pursuing btech after giving jee examinations and doing btech after diploma???

Ans: NO. Always it is advisable to do B.Tech after 12th STD. Going to B.Tech via Diploma is a short cut and you are bound to be weak in Mathematics and Physics if you take the path of Diploma. I will never recommend Diploma.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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