Interest income from the provident fund account gets taxable once you stop making contributions, tells Dhirendra Kumar
I have recently opted for Voluntary Retirement Scheme (VRS). Should I continue with my provident fund account or should I withdraw it and invest it elsewhere?
The money can lie there even after you have taken voluntary retirement. But that money will be taxable. Income from your provident fund gets taxable after your retirement when your contribution stops. So, it is better to withdraw it and work on a good investment plan.