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Question ID : 21473

Taxability of superannuation amount withdrawal on voluntary retirement

Employee opted for voluntary retirement and commuted 1/3 of superannuation amount from the approved fund with LIC. LIC made TDS on such withdrawal. Does section 10(13) cover cases of voluntary retirement? Or exemption is available only after specified age for such retirement.?

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Posted by SHUBHA HEGDE on May 31, 2025
Filed Under DIRECT TAXES

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