approved superannuation fund

Payment for approved superannuation fund is exempted upto the limit of Rs. 1 Lac P.A. and the excess will be taxable. This limit is applicable for the payment made by the employer.

pls mention in which section this is exempt

thanx

By the virtue of  Section 36(1)(iv)  sum paid by the employer towards approved super annuation fund in the  prescribed  manner and under the prescribed conditions,  is deductible as expenditure.