Superannuation fund - where does it fit?

Dear Harsha,

You will have to confirm the naure of SA fund. Is it a gratuity or is it providend fund or commutation or some other fund. I think all these collectively are known as superannuation funds. Only after identification of exact nature of payment, its taxability can be determined.

Next u will have to verify, whether your employer has deposited the tax deducted at source to the Govt. For this u can check form 26 AS available on income tax e-filing portal.

Thanks Saurabh! Yes, the company has deducted tax at source. I have verified under 26AS.

It is different from Gratuity, which has been mentioned in form 16 and used for tax calculations.

It is different from PF, which is 100% tax free. The fund I am mentioning is a special fund created by our company.

Also I have been advised to mention gratuity under salaries , not under allowances. By that logic, looks like this fund also needs to go under salaries

Yes one thing is certain that, if the payment that u have received is taxable in your hands, it has to under the salaries and no other head. So if it is so, u can directly add the amount to your gross salary in the return of income and also claim the TDS