Dear All,
If a daily rates worker met with an accident & got expired then
what will be the formula for calculation of compensation under
Employees Compensation act in death case?
Suppose he was drawing Rs.250/- per day.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor
2) 250 x 26 = 6500
6500 x 50%= 3250 x relevant factor
Kindly suggest which one is correct out of the above two.
Thanx,
Parag
From India, Nasik
2If a daily rates worker met with an accident & got expired then
what will be the formula for calculation of compensation under
Employees Compensation act in death case?
Suppose he was drawing Rs.250/- per day.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor
2) 250 x 26 = 6500
6500 x 50%= 3250 x relevant factor
Kindly suggest which one is correct out of the above two.
Thanx,
Parag
From India, Nasik
Dear Mr.Parag Please read section 5 of the Employees Compensation Act. The answer to your post is contained in that section. With regards
From India, Madras
From India, Madras
dear parag,
daily rate worker formula is given below.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor.
because daily workers payment dailly basis that is why your 1 no. faormula is right.
sachin kuamr soni
(Personnel Executive)
Shayam Group
From India, Allahabad
daily rate worker formula is given below.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor.
because daily workers payment dailly basis that is why your 1 no. faormula is right.
sachin kuamr soni
(Personnel Executive)
Shayam Group
From India, Allahabad
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