Taxation of EPF and PPF

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vimal shankhwar (Querist)
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25 February 2011 Dear all, I need clarification regarding following queries

Is it mandatory to withdraw the EPF money at the time of retirement or we can continue keeping the ammount with the employer?

Whether we can transfer the EPF fund to PPF account if yes then what is the procedure?

Is there any age limit for opening a PPF account?

Regards..

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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25 February 2011 In my opinion, you can keep & continue the epf account even after your retirement. but, recently the PF deptt has come up with a view that the interest payments will be ceased after the continuation of 3 years of non-contribution in any pf account. So its always advisable to either withdraw it or to transfer in some other EPF Account.

Further, EPF & PPF are separate accounts & cannot be merged.

No age limit for opening PPF account.