banner_ad

Treatment of superannuation fund

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 March 2014 An employee has received a lumpsum amount of superannuation fund on his retirement.

Would it be chargeable to Tax ?

Please explain the conditions of such treatment of the received amount

Specifically explain the point :-
To any employee in lieu of or in commutation of any annuity on his retirement at or after a specified age or on his becoming incapacitated prior to such retirement.
Profile Image

Harsha goyal

Profile Image

Harsha goyal (Expert)
31 March 2014 Any sum received to an employee in lieu of or in commutation of annuity on his retirement is exempt from tax.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 March 2014 In what case superannuation fund is taxable.
Profile Image

Harsha goyal

Profile Image

Harsha goyal (Expert)
31 March 2014 employer's contribution exceeding Rs. 100000 is taxable in hands of employee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details