Nature of Income
Any payment received from Superannuation Fund
Conditions laid down for Tax
The payment of superannuation fund is made
On death of beneficiary
In lieu of or commutation of annuity on retirement at or after specified age Or he being incapacitated before such retirement
As refund of contribution on death of beneficiary.
As a refund of contribution on leaving service, to the extent payment does not exceed contribution and interest thereon prior to commencement of I T Act,1961