{"id":6056,"date":"2018-03-28T13:04:45","date_gmt":"2018-03-28T07:34:45","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=6056"},"modified":"2018-08-09T16:22:15","modified_gmt":"2018-08-09T10:52:15","slug":"rule-90-commutation-annuity","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/all-rules\/rule-90-commutation-annuity\/","title":{"rendered":"Rule &#8211; 90, Commutation of annuity"},"content":{"rendered":"<div id=\"dvHtmlContent\" class=\"viewerContent\">\n<div>\n<div id=\"103520000000014989\">\n<div>\n<p><strong>90<\/strong><strong>.<\/strong>&nbsp;Any payment in commutation of annuity shall not exceed&mdash;<\/p>\n<table class=\"list\">\n<tbody>\n<tr>\n<td align=\"right\" valign=\"top\">(<em>a<\/em>)<\/td>\n<td align=\"justify\" valign=\"top\">&nbsp;<\/td>\n<td class=\"list\" align=\"justify\" valign=\"top\">in a case where the employee receives any gratuity, the commuted value of&nbsp;<sup><a id=\"rfn25\"><\/a>25<\/sup>[one-third] of the annuity which he is normally entitled to receive, and<\/td>\n<\/tr>\n<tr>\n<td align=\"right\" valign=\"top\">(<em>b<\/em>)<\/td>\n<td align=\"justify\" valign=\"top\">&nbsp;<\/td>\n<td class=\"list\" align=\"justify\" valign=\"top\">in any other case, the commuted value of&nbsp;<sup><a id=\"rfn26\"><\/a>26<\/sup>[one-half] of such annuity,<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.]<\/p>\n<\/div>\n<div id=\"footnote\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"dvFooter\" class=\"viewerFooter\">\n<div class=\"section the_content has_content\">\n<div class=\"section_wrapper\">\n<div class=\"the_content_wrapper\">\n<div id=\"dvFooter\" class=\"viewerFooter\">Reference: www.incometaxindia.gov.in<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"section section-post-footer\">&nbsp;<\/div>\n<div class=\"section section-post-about\">&nbsp;<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>90.&nbsp;Any payment in commutation of annuity shall not exceed&mdash; (a) &nbsp; in a case where<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1439,1440],"tags":[],"yst_prominent_words":[8836,8837,8835,1694],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6056"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=6056"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6056\/revisions"}],"predecessor-version":[{"id":6911,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/6056\/revisions\/6911"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=6056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=6056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=6056"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=6056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}