New Delhi, June 10 -- Switching jobs often means getting a new EPF account linked to your new employer but you should not overlook an important step which is transferring the balance from your old employees' provident fund account. While leaving previous EPF accounts untouched may seem harmless, it can have consequences when it comes to withdrawals and tax benefits.

One of the key advantages of transferring your EPF balance is that it helps maintain continuity of service. This continuity is an important factor that determines whether your provident fund withdrawal qualifies for free-tax treatment. Failing to transfer your PF when changing jobs could therefore affect your eligibility for certain benefits in the future.

When you change jo...