TDS on Payment of Superannuation anount
This query is : Resolved
yogesh vijaykumar shah
(Querist)
10 January 2011
Sir,
If the employee of the company expired, whether the superannuation amount which will be received his nominee is taxable. Plase guide me. If yes at what rate and under which section?
If the employee of the company expired, whether the superannuation amount which will be received his nominee is taxable. Plase guide me. If yes at what rate and under which section?
10 January 2011
Hi Yogesh,
No it's not taxable in the hands of legal heirs on the death of the beneficiary if it is a approved superannuation fund. Please refer Sec 10(13) of the IT act.
No it's not taxable in the hands of legal heirs on the death of the beneficiary if it is a approved superannuation fund. Please refer Sec 10(13) of the IT act.
12 January 2011
the same rules will be applicable supposing the person is alive
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