I am looking for an opinion. A person receives Superanuation (contributed by the person from his income) for the last seven years in a private company. The company has a recongized SAF fund with LIC. This person receives 1/3rd of the amount after resignation. The balance 2/3rd is kept in the fund and from there receives a monthly annuity. The questions are
1. Whether 1/3rd received in this FY is taxable?
2. Whether the monthly annuity is taxable.
This person after resignation has taken up another job.
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