Dear Mr. Dixon,
Thank you very much for your replies. I have entered my salary and superannuation details under the TDS section in ITR-1. I have also received Form 16 from my company's superannuation fund trust. As you have suggested, I also checked my Form 26AS on the income tax web-site. It shows my superannuation tax credit correctly.
In ITR-1, it shows that I still have to pay additional tax since only 20% tax has been deducted on my superannuation settlement by my employer.
Further to your earlier response, I learnt (from the PRO and Technical officer at the Income tax dept office, and also based on replies on this thread from other members), that the my superannuation settlement is fully taxable. While the employer has deducted 20% as TDS, I have to pay the remaining 10% since I have withdraw the amount before I turned 60 years of age.
Thank you again for your replies.
Warm Regards,
Kiran
From India, Bangalore
2Thank you very much for your replies. I have entered my salary and superannuation details under the TDS section in ITR-1. I have also received Form 16 from my company's superannuation fund trust. As you have suggested, I also checked my Form 26AS on the income tax web-site. It shows my superannuation tax credit correctly.
In ITR-1, it shows that I still have to pay additional tax since only 20% tax has been deducted on my superannuation settlement by my employer.
Further to your earlier response, I learnt (from the PRO and Technical officer at the Income tax dept office, and also based on replies on this thread from other members), that the my superannuation settlement is fully taxable. While the employer has deducted 20% as TDS, I have to pay the remaining 10% since I have withdraw the amount before I turned 60 years of age.
Thank you again for your replies.
Warm Regards,
Kiran
From India, Bangalore
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