2
Schedule IV prescribe the factors for working out lump sum equivalent of compensation amount in case of permanent disablement and death.
The Age is the completed years of age on the last birthday of the workmen immediately proceeding the date on which the Compensation fell due.
The factor as shown in the corresponding age schedule * the percentage of loss of earning capacity as shown in the Schedule -1 -of the Act
From India, Madras
The Age is the completed years of age on the last birthday of the workmen immediately proceeding the date on which the Compensation fell due.
The factor as shown in the corresponding age schedule * the percentage of loss of earning capacity as shown in the Schedule -1 -of the Act
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In. When a new query arises, we tap into our engaged community - sending emails to members who have contributed to similar topics - to gather valuable insights. Additionally, our extensive repository of previously answered questions ensures quick access to expert solutions.