Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Commutation of annuity limits under approved superannuation funds depend on gratuity, age, health, interest and mortality tables. Limits are prescribed for commutation of annuity under approved superannuation funds. Where the employee receives gratuity, the commuted payment must not exceed the commuted value of one-third of the annuity normally receivable. In any other case, the commuted payment must not exceed the commuted value of one-half of the annuity.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Commutation of annuity limits under approved superannuation funds depend on gratuity, age, health, interest and mortality tables.
Limits are prescribed for commutation of annuity under approved superannuation funds. Where the employee receives gratuity, the commuted payment must not exceed the commuted value of one-third of the annuity normally receivable. In any other case, the commuted payment must not exceed the commuted value of one-half of the annuity.
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