Superannuation fund
This query is : Resolved
mahak katyal
(Querist)
04 May 2012
1.what is super annuation fund?
2.does only the employer contributes in it or just like pf,the employee too contributes?
3.how does the employee claims it?
2.does only the employer contributes in it or just like pf,the employee too contributes?
3.how does the employee claims it?
Amol S Joglekar
(Expert)
04 May 2012
Super annuation refers to RETIREMENT benefits. Normally the companies where PENSION scheme is not in vogue, opt for super annuation programme. A very old super annuation scheme I know is opted by OIL companies in India. viz. IOC, HP, BP. Most of these companies have handed over this scheme to LIC which in turn used to pay to the retired employees either on monthly basis or lumpsum. The contribution was made by the employer. Now a days, in some private ltd.companies, contribution is made by employer as well as employee. We need to get it approved from Income Tax.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- Form 144 TDS Return Validation Error – Mandatory Fields
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
