Dear All,
Can anyone tell how to calculate compensation benefits manually using formulas? Mr. Javed Alam's calculator is really very useful, but I want to know with slab rates... And will the slab differ for different states? Kindly reply...
From India, Hyderabad
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2Can anyone tell how to calculate compensation benefits manually using formulas? Mr. Javed Alam's calculator is really very useful, but I want to know with slab rates... And will the slab differ for different states? Kindly reply...
From India, Hyderabad
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If any Managerial cadre employee or Supervisor cadre employee met with fatal accident/permanent disable accident, then is he eligible for any type of compensation under any act? Please repply
From India
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From India
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(Fact Checked)-The Managerial cadre or Supervisor cadre employees are also eligible for compensation in case of fatal or permanent disable accidents under the Workmen's Compensation Act. (1 Acknowledge point)
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Employees Compensation Act has not restricted the compensation to workmen as defined in ID Act and as such all employees are covered under the Act. Madhu.T.K
From India, Kannur
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From India, Kannur
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(Fact Checked)-The Employees' Compensation Act does cover all employees, not just workmen as defined in the ID Act. Madhu.T.K's response is correct. (1 Acknowledge point)
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Dear Mr. Javed Alam,
The calculation sheet is really very useful; thank you very much for sharing. I have noticed that you have not included point (d) where temporary disablement, whether total or partial, results from the injury: a half-monthly payment of the sum equivalent to 25% of the monthly wages of the employee. This is in the case of the injured employee's monthly salary to be paid.
Regards,
Kaushik Vyas
From India, Hyderabad
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The calculation sheet is really very useful; thank you very much for sharing. I have noticed that you have not included point (d) where temporary disablement, whether total or partial, results from the injury: a half-monthly payment of the sum equivalent to 25% of the monthly wages of the employee. This is in the case of the injured employee's monthly salary to be paid.
Regards,
Kaushik Vyas
From India, Hyderabad
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(Fact Check Failed/Partial)-The user reply is incorrect. The Workmen's Compensation Act provides for compensation in case of temporary disablement, not a half-monthly payment of 25% of monthly wages. This is a significant distinction.
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Dear Sir,
Thank you for sharing your insights. The calculations provided are truly valuable.
Best regards,
Rameish Emandi
MBA, LLB
Manager-HR, IR & Admin
Head of Human Resources
Empee Distilleries Ltd
Hyderabad
9704420983
erameish@gmail.com
From India, Nellore
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Thank you for sharing your insights. The calculations provided are truly valuable.
Best regards,
Rameish Emandi
MBA, LLB
Manager-HR, IR & Admin
Head of Human Resources
Empee Distilleries Ltd
Hyderabad
9704420983
erameish@gmail.com
From India, Nellore
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(Fact Checked)-The user's reply contains no specific information or response to the original post. It would be beneficial to acknowledge the effort and encourage more engagement in the discussion. (1 Acknowledge point)
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Hello sir,
I have a doubt related to Workmen's compensation. One of my friends constructed a house in a rural area of Tamil Nadu in 2010, and he is an agriculturist. With a lot of difficulty, the housework was completed. He had given the construction work to a contractor, and he had no formal agreement with the contractor. One of the employees employed by the contractor met with an accident due to high-power electric current and lost his hand below the elbow. Medical charges were taken care of by both my friend and the contractor. Unfortunately, it is of no use. Now, as per the Workmen's Compensation Welfare Commission, he has to pay 5.95 Lakhs and an interest of 12% from the date of the accident. So, the total amount to pay is 10L. He is an agriculturist and built the house with a lot of difficulty, and he also has debts. In fact, the cost of the house construction is less compared to the compensation amount he has to pay. He spent only 6L on the house. Please advise on the procedure. He is not in a position to pay this lump sum amount under any circumstances. Is there any way to pay a lesser amount or any partial/yearly payment options available? Your help is greatly appreciated.
Thanks,
Seethalakshmi P
From India, Bengaluru
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I have a doubt related to Workmen's compensation. One of my friends constructed a house in a rural area of Tamil Nadu in 2010, and he is an agriculturist. With a lot of difficulty, the housework was completed. He had given the construction work to a contractor, and he had no formal agreement with the contractor. One of the employees employed by the contractor met with an accident due to high-power electric current and lost his hand below the elbow. Medical charges were taken care of by both my friend and the contractor. Unfortunately, it is of no use. Now, as per the Workmen's Compensation Welfare Commission, he has to pay 5.95 Lakhs and an interest of 12% from the date of the accident. So, the total amount to pay is 10L. He is an agriculturist and built the house with a lot of difficulty, and he also has debts. In fact, the cost of the house construction is less compared to the compensation amount he has to pay. He spent only 6L on the house. Please advise on the procedure. He is not in a position to pay this lump sum amount under any circumstances. Is there any way to pay a lesser amount or any partial/yearly payment options available? Your help is greatly appreciated.
Thanks,
Seethalakshmi P
From India, Bengaluru
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(Fact Checked)-The Workmen's Compensation Act applies to the situation described. Your friend can request the commission for a structured payment plan to settle the compensation amount. (1 Acknowledge point)
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Excellent work done ! Really helpful to caliculate EC quickly and accurately. Request you to attach similar Xl files for various statutory caliculations/ compliances. Sarisri.
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The user's reply is incorrect.
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can u please clarify if the monthly wage is less than 8000/- then we have to take the actual wages or rs. 8000 for calculation purpose.
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(Fact Check Failed/Partial)-The calculation basis for Workmen's Compensation should be the actual monthly wage, not a fixed amount of Rs. 8000, as per labor laws.
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In case the actual wages is less than 8000, you can take the actual wages. But the actual wages should not be less than the statutory minimum wages. Madhu.T.K
From India, Kannur
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From India, Kannur
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(Fact Check Failed/Partial)-The user reply is [B]partially correct[/B]. It is accurate that the actual wages should not be less than the statutory minimum wages. However, the mention of the threshold of 8000 for the actual wages needs clarification.
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Respected Sir,
Could you please help me to find out the compensation for the worker who was injured at my father's factory? Details are as follows:
My father is a sole proprietor with a manufacturing unit that employs more than 20 workers. The worker was injured at work, resulting in his arm being amputated at the elbow.
Details of the worker:
- Salary: $5500
- Age: 55
- Years of service: 1
Please reply soon. Thank you in advance.
From India, Delhi
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Could you please help me to find out the compensation for the worker who was injured at my father's factory? Details are as follows:
My father is a sole proprietor with a manufacturing unit that employs more than 20 workers. The worker was injured at work, resulting in his arm being amputated at the elbow.
Details of the worker:
- Salary: $5500
- Age: 55
- Years of service: 1
Please reply soon. Thank you in advance.
From India, Delhi
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(Fact Check Failed/Partial)-The worker is entitled to compensation under Workmen's Compensation Act. The compensation amount is calculated based on various factors including salary, age, and nature of injury. Please refer to the Act for detailed calculation.
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Workmen Compensation Calculator.xls
Workmen Compensation Notification.pd f
CiteHR.AI
(Fact Check Failed/Partial)-The user's reply is incorrect. Workmen's Compensation benefits are calculated based on specific formulas outlined in the Workmen's Compensation Act, not slab rates. The compensation rates are standardized across states.