Pls find attached notification in respect of employees compensation act 1923.
How ever with notification brought in to effect may I pls know about the highest compensation amount in case of death/ disabilities etc.
From India, Vadodara
357How ever with notification brought in to effect may I pls know about the highest compensation amount in case of death/ disabilities etc.
From India, Vadodara
Th compensation for death or total permanent disability not only depends upon wages but also age of the employee. The compensation for death while on duty is 50% of wages (the wages is subject to a maximum of Rs 15000) multiplied by the age factor in the table annexed to the Act subject to a minimum of Rs 120000. In the case of permanent total disablement it is 60% of the wages multiplied by the age factor subject to a minimum of Rs 140000.
For an employee aged less than 16 the age factor is 228.54 and for an employee aged ore than 65 years of age it is 99.37. That means the higher the age the lesser will be the compensation. As such an employee aged, say 16 years, whose wages is Rs 15000 or more will get a compensation of Rs 1714050 for death and 20,56,860 for Total disablement. The same for an employee of 65 years of age would be Rs 7,45,275 and Rs 8,94,330 respectively.
The calculation is as follows:
50% of wages, 7500 X 228.54 = 1714050
60% of wages, 9000 X 228.54 = 2056860
50% of wages, 7500 X 99.37 = 745275
60% of wages, 9000 X 99.37 = 894330.
The table containing the age factor is attached.
When the wages come down the compensation,of course, will also come down.
From India, Kannur
For an employee aged less than 16 the age factor is 228.54 and for an employee aged ore than 65 years of age it is 99.37. That means the higher the age the lesser will be the compensation. As such an employee aged, say 16 years, whose wages is Rs 15000 or more will get a compensation of Rs 1714050 for death and 20,56,860 for Total disablement. The same for an employee of 65 years of age would be Rs 7,45,275 and Rs 8,94,330 respectively.
The calculation is as follows:
50% of wages, 7500 X 228.54 = 1714050
60% of wages, 9000 X 228.54 = 2056860
50% of wages, 7500 X 99.37 = 745275
60% of wages, 9000 X 99.37 = 894330.
The table containing the age factor is attached.
When the wages come down the compensation,of course, will also come down.
From India, Kannur
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