Dear friends
While taking calculations under Employees Compensation Policy 1923, In case an Industry fatal accident happened, if the employee getting salary Rs.40000 per month. we can take calculations
as below
=Rs.40000 of 50% * age factor = compensation Value
or = Rs.15000 of 50 %* age factor = Compensation value
whether Maximum wage Ceiling / Minimum wage ceiling is mentioned in Employees Compensation Act, 1923
AG Moorthy
From India, Thoothukudi
While taking calculations under Employees Compensation Policy 1923, In case an Industry fatal accident happened, if the employee getting salary Rs.40000 per month. we can take calculations
as below
=Rs.40000 of 50% * age factor = compensation Value
or = Rs.15000 of 50 %* age factor = Compensation value
whether Maximum wage Ceiling / Minimum wage ceiling is mentioned in Employees Compensation Act, 1923
AG Moorthy
From India, Thoothukudi
There is a maximum wage limit for deciding compensation payable in the case of death and total permanent disablement. It is Rs 15000. For total permanent disablement, it is 60% of Rs 15000 multiplied by the age factor and not 50%. There is no minimum wages but the minimum compensation for death cases is rs 120000 and for permanent total disablement it is Rs 140000. But for temporary disablement, there is no maximum wages but whatever is the gross wages shall be put for computation of compensation payable.
From India, Kannur
4248From India, Kannur
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EMPLOYEES' COMPENSATION ACT - IMP- PROVISIONS IN TELUGU VERSION.pdf
Employees' Compensation Act 1923.doc