Provident fund,gratiuty,superannuation

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Forum D Saiya (Querist)
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30 May 2012 Hi Thanks for advice
Is Provident Fund,Gratiuty,Superannuation,Pension liable to TDS?at what rate?is there any limit?

Soumitra Basu

Soumitra Basu (Expert)
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31 May 2012 Provident Fund - If within the limit specified in section 10, NO tds. Otherwise under Salary.
Gratuity - same as above
Pension - as Salary

Forum D Saiya

Forum D Saiya (Querist)
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01 June 2012 Thanks a lot for your advice
But whether TDS provision is applicable to Superannuation?As Superannuation is not included in the defination of Salary as per Sec 17

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Soumitra Basu

Soumitra Basu (Expert)
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01 June 2012 What do you mean by Superannuation? What is it actually.

Forum D Saiya

Forum D Saiya (Querist)
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05 June 2012 Hi
Superannuation is a retirement Benefit by employer . It is a contribution made by employer each year on your behalf towards the group superannuation policy held by the employer. This is an important part of creating wealth for your retirement .
Normally Companies do not extend the Superannuation benefits to all employees- but only to a specific category of employees - like for example Level-1 of Managers onwards..