Superannuation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2015 Hi,
I just resigned from an organization and my employer has detected TDS on superannuation I received.
Now I have filed my ITR - 1without showing income of superannuation and hence claimed refund in ITR....
My query.. Is it correct to ask for refund or I have to pay tax regarding the superannuation....
Thanks in advnace... Please guide me as I want to save tax because I am not earning now...
I have taken voluntary retirement....

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 July 2015 Your employer might have deducted tax considering taxable payments on superannuation. You can't claim refund without showing taxable superannuation income. Try for any tax saving schemes.