I am retired from company last year at age of 62. I have not withdrawn my pf amount as i dont need it now.Plus I am getting good interest rate without tax.
Till what time can i keep this amount in pf
Ans: After cessation of employment at 62, the account will be classified as an "inoperative account." While it will continue to earn interest, it will be taxable. It's advisable to consider withdrawing or transferring the amount to a safer investment option before the tax implications kick in.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in