What happens to your provident fund after early retirement?

Recently, one of our readers - we encourage you to provide your name along with your query - wanted to know what happens with the EPF account upon early retirement and whether it continues to earn tax-free interest. For those unaware, EPF is a shorthand for employees' provident fund. If you are a salary earner, you can choose to contribute 12 per cent of the basic income and dearness allowance to EPF each month due to the following reasons: The monthly contributions are eligible for tax deduction (old tax regime only) Your savi

This article was originally published on August 24, 2023.