After retirement

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Neeraj (Querist)
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14 April 2025 I have retired in August 2024. Now I am self employed as an expert with govt of India earning consultancy charges only. What is the maximum I can earn to avoid GST. When should I withdraw my EPF as I am not in a hurry to withdraw. What will happen to EPF interest as far as income tax is concerned. Thanks and best regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 April 2025 1. Anything less than Rs. 20 lakhs.. per year.
2. The EPF account remains operative for three years from the date of retirement or from the last contribution if you stop working before retirement. The account will continue to earn interest during the three years of inactivity.

Neeraj

Neeraj (Querist)
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14 April 2025 Thanks sir, Is the interest on EPF funds becomes taxable after retirement.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 April 2025 Yes, taxable after retirement (or no contribution)