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Q. > Please Help: ITR
what is the treatment of superannuation amount receiver on retirement. where it can be shown.
answered Jul 29, 2013 by SUBHASH KUMAR JHA , Darbhanga
if you have received amount from Approved Superannuation Fund then employer contribuition in excess of Rs.1,00,000 will be taxable.
As on retirement
You have received from approved superannuation as follows
Your contribuition 10,00,000
Employer contribuition 5,00,000
Interest On employer contribuition 10,000
Interest On own Contribuition 20,000
your all amount is exempted except employer contribuition in excess of Rs.1,00,000 i.e.Rs.4,00,000 will be taxable
Unapproved superannuation fund is same as Unrecognised providend fund such as own retirement:-
Own contribuition Exempted
Employer contribuition Salary
Interest On own contribuition Other source
Interest On employer contribuition Salary
answered Jul 29, 2013 by SUBHASH KUMAR JHA , Darbhanga
if you have received amount from Approved Superannuation Fund then employer contribuition in excess of Rs.1,00,000 will be taxable.
As on retirement
You have received from approved superannuation as follows
Your contribuition - 10,00,000
Employer contribuition - 5,00,000
Interest On employer contribuition - 10,000
Interest On own Contribuition - 20,000
your all amount is exempted except employer contribuition in excess of Rs.1,00,000 i.e.Rs.4,00,000 will be taxable
Unapproved superannuation fund is same as Unrecognised providend fund such as own retirement:-
Own contribuition - Exempted
Employer contribuition - Salary
Interest On own contribuition - Other source
Interest On employer contribuition - Salary
Experts Panelist
Comments
Sandhya Verma
29-Jul-2013 , 06:30:07 pmbut how will show the treatment and in which income? salary or other sources?