Pf withdrawal after 15 years and taxability

M (CS) (29 Points)

22 June 2015  

I have worked for more than 15 years at one organisation. I am leaving my service in July, 2015. I am having following queries -   

 

1. Whether my PF withdrawal including interest is taxable ?  

 

2. My new employer is not coming under EPF scheme. Shall I continue my current EPF A/c for next 3 years as dormant to get interest benefit ?   

 

3. My current employer might close down his business in another one year's time, In such case what are the documents needed for my withdrawal after 3 years (i.e. dormant period) ? and what is the procedure of withdrawal after 3 years ? How to submit required documents to EPF in that case ?  

 

4.  In case of withdrawal of PF what are the best investment options to keep taxability low ? Pl. guide.