Superannuation benefits
Amit
(Querist) 04 July 2013
This query is : Resolved
My company has provided superannuation benefits but has put a condition that it is applicable only when i complete 6 yrs of service.
Should they not allow me to atleast transfer the superannuation (presently maintained with LIC) to another organisation if not withdrawal
the company shows superannuation as part of my annual CTC and would be claiming tax benefits (i assume that)
is it fair
thanks
Rajendra K Goyal
(Expert) 04 July 2013
Company is making provisions for superannuation benefits of the employees and getting tax rebate on this provision, does not entitle the employee for the benefits till the required conditions laid by the Company for such benefits are fulfilled. You should contact some local labour lawyer with all documents, copy of the rules to guide you properly.
