Dear Mr. Vikash Jaitly,
If your employer has this scheme of providing Superannuation benefit through any other Fund management company, the employer will pay its share of 10-15% depending on the salary of the employee. At the time of superannuation the employee is eligible to take 25%of the balance available that is tax free. The rest percentage will be divided by the agency that will be paid to the member a monthly, quaterly or yearly payment as opted by the employee. This amount is taxable. If the employee wants to get the 100% eligibility, it should be consented prior by the Income Tax department to avail the same.