Which of the following is not correct about the approved superannuation fund

CS Executive · Tax Laws and Practice · PYQS · June 2015
Which of the following is not correct about the approved superannuation fund
(A) Employees' contribution qualifies for deduction under section 80C
(B) Any amount contributed by the employer is exempt from tax
(C) Interest on accumulated balance is exempt from income-tax
(D) Under some circumstances, payments from the fund are chargeable to income-tax.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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