Hi Friends This is R.Mohanasundaram again and now i have attached a whole article on compensation management it constitutes a wide range of information. Hope it will definitely be of a useful one.
From India, Tiruchchirappalli
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57From India, Tiruchchirappalli
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Can you please help...
I would like to know the calculations regarding the compensation to be paid to the victim in case of an accident causing fatality or permanent disability. Please let me know the statute regarding this. Is it covered under the Factories Act or the Workmen's Compensation Act?
Thanks in advance.
With regards,
Dipil Kumar V
From India
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I would like to know the calculations regarding the compensation to be paid to the victim in case of an accident causing fatality or permanent disability. Please let me know the statute regarding this. Is it covered under the Factories Act or the Workmen's Compensation Act?
Thanks in advance.
With regards,
Dipil Kumar V
From India
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Hi Dipil,
I would like to brief you about workmen compensation:
For fatal accidents: The calculation will be 50% of basic wages x age factor.
For permanent disability: The calculation will be 60% of basic wages x age factor x % of disability certified by the authorized doctor or certified surgeon in a gazetted rank. Please refer to the Workmen's Compensation Act of 1923 for the age factor.
Regards,
S. ANAND SIVAKUMAR
From India, Madras
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I would like to brief you about workmen compensation:
For fatal accidents: The calculation will be 50% of basic wages x age factor.
For permanent disability: The calculation will be 60% of basic wages x age factor x % of disability certified by the authorized doctor or certified surgeon in a gazetted rank. Please refer to the Workmen's Compensation Act of 1923 for the age factor.
Regards,
S. ANAND SIVAKUMAR
From India, Madras
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Hi Friends What Anand said is right you can very well refer it under the Wages Act 1923 it will givew you a clear picture about it.If you have further more clarification tell me.
From India, Tiruchchirappalli
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From India, Tiruchchirappalli
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@ S. ANAND SIVAKUMAR & Citizen 1502
Thanks a lot for your valuable reply. Really helpful.
Can you please do me one more favor? Please mention the section under the Workmen's Compensation Act, 1923, from which I will get the details regarding the Age Factor. Also, is there any clause in the Factories Act regarding compensation to the victims of accidents?
Thanks in advance.
With regards,
Dipil Kumar V
From India
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Thanks a lot for your valuable reply. Really helpful.
Can you please do me one more favor? Please mention the section under the Workmen's Compensation Act, 1923, from which I will get the details regarding the Age Factor. Also, is there any clause in the Factories Act regarding compensation to the victims of accidents?
Thanks in advance.
With regards,
Dipil Kumar V
From India
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Workmens Compensation Act 1923.doc
EMPLOYEES' COMPENSATION ACT - IMP- PROVISIONS IN TELUGU VERSION.pdf