I was working in a Pvt Ltd Company and the company was contributing 8% of my basic to a superannuation fund. This was also considered as part of my CTC. The contribution above Rs 1.5 Lacs per year was treated as Perks and also taxed as per Income Tax rules
I resigned after 3 years. Then I came to know that the Superannuation became due to me only after 5 years and I lost this money although I paid tax on the money, which I never received as was promised as CTC. What is your advice on this?
Kumar
From India, Gandhinagar
I resigned after 3 years. Then I came to know that the Superannuation became due to me only after 5 years and I lost this money although I paid tax on the money, which I never received as was promised as CTC. What is your advice on this?
Kumar
From India, Gandhinagar
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
CTC Calculator.xls