tax on settlement received for EL & Superannuation resignation
Dear sir/Madam,
I resigned my previous company after 5.4 years of service & joined a new company. I have received following settlement from previous company
1. Rs 1,02,000/- for superannuation withdrawal after deducting 10% of tax at source (1/3 rd of amount).
2. Rs. 1,30,000/- for EL encashment after deducting 10% of tax at source.
3. Rs. 97,000/- of gratuity amount (Tax is not deducted at source).
TDS traces for Superannuation & EL encashment (item 1 & 2 above) are there in the section of ITR-1 filing.
I have read in few blogs that EL encashment after resignation upto 3 lakh is tax exempted. (sec 10 (10 A)
in which column I should claim for refund in ITR-1 filing?
is superannuation received is taxable? should the superannaution amount shown as income while filing ITR-1?
including present company salary, the tax slab for superannuation amount goes to 20% slab? Am I suppose to pay 10% extra Tax?
request you to give your advice for the above points.
Thank you.
Chethan