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I am resigning from my employer. What are my options with 401K so that I can use it in India ?
What are the tax implications of using my 401(k) in India?
Withdrawing money from a 401(k) before you reach retirement age will result in a 10% penalty on top of the income tax you will owe on the distribution. Additionally, there may be additional taxes imposed in India on the funds you receive. As always, it's best to consult with a qualified tax professional for specific advice.