How do you calculate commutation of money?
How do you calculate commutation of money? Formula for working out Commuted Value of pension = Amount of pension to be commuted X 12 X purchase value for age next birth day….Model Calculation: Commutation. Post Class – II Amount of commutation 2337 X 12 X 8.194 229792.54 Say Rs. 229793/- Commuted value of Pension Rs. […]