https://www.taxtmi.com/acts?id=53560 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. en-us Fri, 20 Mar 2026 18:47:47 +0530 Fri, 20 Mar 2026 18:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53560 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. Act-Rules Income Tax Fri, 20 Mar 2026 18:47:47 +0530 https://www.taxtmi.com/acts?id=53560