Anil Rego |388 Answers |Ask -Follow
Financial Planner - Answered on Aug 26, 2022
b) What is procedure of Transferring Superannuation to next company?
In the same way, please confirm on the gratuity component.
a) Superannuation taxability is based on certain criteria:
If both the parties (old and new employer) agree, then you can transfer the amount to new employer, provided the new company has an approved superannuation fund. If not, you can continue keeping the money in the existing superannuation account.
b) Gratuity is exempt from tax on the least of the following:
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