Tweet
Employee Provident Fund (EPF) in India while relocated to USA
Hello
Following is my situation:
My employer, a MNC, transferred me with my wife to USA from India in summer of 2012 on a L1A Visa. The initial transfer period was 3 years but very likely that the period with extend now with possible filling of GC and me and my family settling here. I will complete my 7 years with the company in next couple of months.
Before relocation I was as per rules contributing to my EPF which stopped since I moved. I do not earn any salary in India and everything is paid in USA since I relocated. In India I just have some interest and dividend income.
The question in my mind is on the status of my EPF account:
1. What happens to my current balance with no new contribution being deposited from mid 2012?
2. Do I still earn interest on the balance ?
3. When would I be eligible to withdraw from the account and what would be tax implication in India or USA?
Thanks for your replies and guidance
Following is my situation:
My employer, a MNC, transferred me with my wife to USA from India in summer of 2012 on a L1A Visa. The initial transfer period was 3 years but very likely that the period with extend now with possible filling of GC and me and my family settling here. I will complete my 7 years with the company in next couple of months.
Before relocation I was as per rules contributing to my EPF which stopped since I moved. I do not earn any salary in India and everything is paid in USA since I relocated. In India I just have some interest and dividend income.
The question in my mind is on the status of my EPF account:
1. What happens to my current balance with no new contribution being deposited from mid 2012?
2. Do I still earn interest on the balance ?
3. When would I be eligible to withdraw from the account and what would be tax implication in India or USA?
Thanks for your replies and guidance
