POSTED BY September 18, 2013 9:47 pm COMMENTS (5)ON
When we change the Job, what is recommended generally on PF? Better to withdraw OR transfer to next to be organization? In case of need of money, I think better to withdraw, but if money is not needed then? Does it also depend on no. of years we spent in current organization?
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5 replies on this article “What is better ? To withdraw OR transfer EPF (Employee Provided Fund)”
what is E-E-E & E-E-T status?
Kindly elobrate more for same.
Jwalant, I think E means Exempt and T is for Tax, meaning withdrawing PF would make it taxable.
Ashal, correct me if I am wrong.
Dear Jnikumbh, EPF is implementing online application & transfer of acount system. So I can not comment on the time frame under the new set up. 🙂
Dear Jnikumbh, no matter you work for 1 Y or 10Y with an employer, it’s always beneficial to transfer your PF to new employer due to simple thing. The Amount is under E-E-E status till it’s in PF corpus. The moment, it’s out of PF corpus, it ‘ll go into E-E-T status.
Thanks Ashal for ur reply. Can you also tell me , approx time it takes for EPF transfer ?