6️⃣ EPF qualifies for the EEE (exempt-exempt-exempt) status. But, if an employee’s annual EPF contribution exceeds ₹2.50 lakh, interest on the excess amount is taxed as per employee’s tax slab. If employer’s contributions to EPF, superannuation, & NPS exceed ₹7.50 lakh/yr, the excess amount is taxable

In accrual-based accounting, the income is recognised when it is earned. In receipt accounting, income is recognised only once the cash is received.

5️⃣ Once the employer contribution ceases, the interest accrued for the period, starting from the last contribution is taxable.

3️⃣ Interest earned after the last active contribution is taxable as ‘income from other sources’ at the EPFO account holder’s slab rate.

4️⃣ Account holders must follow one method of declaring their income and stick with it – accrual or receipt. – taxpayers must follow the accrual method.

However, for interest to be paid on the funds, there needs to be an employee-employer relationship and active monthly contributions.

2️⃣ If its unclaimed for...
36 Months - Account becomes inoperative.
7 Years - it will be transferred to the Senior Citizens' Welfare Fund
25 Years - Property of GoI