Can we withdraw 1000% Superannuation fund on leaving company. What is the procedure. thanks and regards Vikash Jaitly
From India, Kolkata
Acknowledge(0)
Amend(0)
1From India, Kolkata
Acknowledge(0)Amend(0)
If your employer has a scheme of providing Superannuation benefits through another fund management company, the employer will pay its share of 10-15%, depending on the employee's salary. At the time of superannuation, the employee is eligible to withdraw 25% of the available balance, which is tax-free. The remaining percentage will be distributed by the agency and paid to the member on a monthly, quarterly, or yearly basis as chosen by the employee. This amount is taxable. If the employee wishes to avail 100% eligibility, prior consent must be obtained from the Income Tax department.
Thank you.
From India, Visakhapatnam
Acknowledge(1)Amend(0)
Thank you.
From India, Visakhapatnam
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Early PF withdrawal won’t be easy.pdf
Gratuity - Taxation Issues.docx