Payment received from an approved superannuation fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 November 2014
Sir,
At the time of retirement Payment received from an Approved Superannuation Fund ,it is Taxable or exempt in income tax and how i can show in income tax Return.
Case
Income from Salary RS 400000/
Payment Received from an Approved Superannuation Fund RS 10,00,000/
Employer has deduct tds on above all amount.
At the time of retirement Payment received from an Approved Superannuation Fund ,it is Taxable or exempt in income tax and how i can show in income tax Return.
Case
Income from Salary RS 400000/
Payment Received from an Approved Superannuation Fund RS 10,00,000/
Employer has deduct tds on above all amount.
11 November 2014
Payment from an Approved Superannuation Fund will be exempt provided the payment is made in the circumstances specified in the section (Sec.10(13):viz. death, retirement and incapacitation.
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