POSTED BY August 19, 2013 4:19 pm COMMENTS (4)ON
I have completed 3 years of employment today(my first employment) and I intend to leave the company in one month for pursuing further education.
As I had opted for Voluntary PF investment, my PF amount as of date is Rs. 5.5L
I shall not be taking up any other employment for a period of another 3 years.
I understand that my PF withdrawal will be liable for taxation if I withdraw it.
I am in no hurry to withdraw the amount, however, there is also a guideline from my company that if i do not withdraw/Transfer EPF money within 3 months, they will inititate the withdrawal procedure.
What is the best strategy that I can adopt in order to save tax? Also, I will have Income on account of Salary from March to September in this Fiscal Year(2013-14).