Annuities can be categorized in the following three ways: Starting Time of the Annuity Type of Pension Amounts offered Type of Pension Scheme Based on the Starting Time Deferred Annuity – Your investment is made into a fund (of your choice) that keeps growing for a chosen period of time. You can choose the time […]
Articles Tagged: Group Superannuation fund
What are the tax benefits available with Superannuation Schemes in India?
The tax structure and benefits available with Superannuation Schemes in India is as follows: Tax on Contribution to Superannuation Fund An employee’s contribution to the superannuation fund is exempted from tax up to Rs. 1.5 Lakh (for F.Y. 2016-17) under section 80C. Interest accrued on the superannuation fund investment is not taxable. Employer’s contribution to the […]