What is superannuation benefit in India and how it is taxed

What is superannuation benefit in India and how it is taxed?

 The Features of Superannuation.

Superannuation

Type of annuity options available

It purely depends on the annuity provider. However, the common pension options are as below.

What tax benefits of superannuation?

For taxation purposes, there are two types of superannuation. One is approved superannuation and another is not approved. This approval will be from IT Dept. The approved fund means a fund, which is approved and continues to be approved by the Commissioner in accordance with the rules set out in Part B of the Fourth Schedule of the IT Act. You can ask your employer about the status of superannuation.

Employer

Employee

Note-This whole information is generic purpose. Some features may depend on the insurance company your employer opted for superannuation.