Approved Superannuation Fund – Section 2(10) | Income-tax Act, 2025 vs 1961

§ 2(10) · Income-tax Act, 2025

Approved superannuation fund

ITA 2025 · 2(10) ITA 1961 · 2(6)
Definition — Section 2(10)

Means a superannuation fund or any part of a superannuation fund, which is approved and continues to be approved by the approving authority as per Part B of Schedule XI of the Income-tax Act, 2025. To receive and retain approval, the fund must be established under an irrevocable trust in connection with a trade or undertaking carried on in India with at least 90% employees employed in India, created solely to provide annuities or pensions to employees on retirement, incapacitation or death, supported by employer contributions, and structured so that all benefits are payable only in India.

Act Comparison
Income-tax Act, 2025
2(10)
Approved superannuation fund
Income-tax Act, 1961
2(6)
Approved superannuation fund
Key Points
  • Maps to Section 2(6) of the 1961 Act
  • Employer contributions to such funds get deduction
  • Employee receipts on retirement are subject to specific tax rules
💡 Practical Note

Superannuation funds differ from provident funds — they are typically defined-benefit pension schemes offered by larger corporates.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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