Dear Senior’s, please let me know how much we will deducted from as Employee Compensation cotribution whether esic act is not applicable. please help Thanks & regards Ashish Shaw
From India, Kolkata
16From India, Kolkata
Workmen(Employee) compensation is to be paid on relevant age factor mentioned in the table of WC Act.
From India, Mumbai
From India, Mumbai
Dear Ashish,
Compensation under the Employees Compensation Act,1923 is not an accrual based fund created by any periodical contribution from the employee over a period of time at the end of which to be paid back to him with interest. On the contrary, it is a defnite sum of compensation to be paid by the employer to the affected employee as defined under the Act of 1923 or his dependents on the contingent of any employment accident resulting in death or any disablement of partial or permanent nature.. So, no deduction from the employees towards this is permissible as this Act is applicable only to establishments and/or employees not covered by the ESI Act,1948.
From India, Salem
Compensation under the Employees Compensation Act,1923 is not an accrual based fund created by any periodical contribution from the employee over a period of time at the end of which to be paid back to him with interest. On the contrary, it is a defnite sum of compensation to be paid by the employer to the affected employee as defined under the Act of 1923 or his dependents on the contingent of any employment accident resulting in death or any disablement of partial or permanent nature.. So, no deduction from the employees towards this is permissible as this Act is applicable only to establishments and/or employees not covered by the ESI Act,1948.
From India, Salem
please send excel sheet of calculation of workmen compen....if esic is applicable
From India, Jalalpur
From India, Jalalpur
Sir, if worker is covered under ESI Act, 1948, his / her dependants can claim only under ESI Act, 1948 and not under the Employees' Compensation Act, 1923. Under ESI Act, 1948 no lump-sum amount under such death cases due to and out of employment cases is awarded, rather the amount of compensation ( which is called DEPENDANT BENEFIT) is calculated on the basis of average wages the deceased employee was getting or his rate of benefits based on contributions made.
From India, Noida
From India, Noida
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