90. Any payment in commutation of annuity shall not exceed—
|(a)||in a case where the employee receives any gratuity, the commuted value of 25[one-third] of the annuity which he is normally entitled to receive, and|
|(b)||in any other case, the commuted value of 26[one-half] of such annuity,|
such commuted value being determined having regard to the age of the recipient, the state of his health, the rate of interest and officially recognised tables of mortality.]
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