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        Income Tax

        Rule 308 - Commutation of annuity

        Income-Tax Rules, 2026

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        Commutation of annuity limited by gratuity status; commuted value determined by recipient's age, health, interest and mortality. Commutation of annuity is capped according to gratuity status: if gratuity is received, the commuted value of one third of the annuity; otherwise the commuted value of one half. The commuted value is to be calculated with regard to the recipient's age and health, the rate of interest and officially recognised mortality tables.
                        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 limited by gratuity status; commuted value determined by recipient's age, health, interest and mortality.

                              Commutation of annuity is capped according to gratuity status: if gratuity is received, the commuted value of one third of the annuity; otherwise the commuted value of one half. The commuted value is to be calculated with regard to the recipient's age and health, the rate of interest and officially recognised mortality tables.


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