Payment from an approved Superannuation Fund - Section 10(13)

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..... specified age or on his becoming incapacitated prior to such retirement by way of refund of contribution to on the death of beneficiary by way of refund of contribution to an employee on his leaving the service in connection with which the funds is established otherwise than by retirement at or after a specified age or on his becoming incapacitated prior to such retirement, to the extent to which .....

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..... types of superannuation fund. One is approved superannuation and another is not approved The approved fund means a fund, which is approved and continues to be approved by the commissioner of Income Tax in accordance with the Rules set out in Part-B of Fourth Schedule of Income Tax Act . This provision however, does not cover commutation of an annuity paid on voluntary retirement of the employee. .....

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