Dear All, Could any one light on how to calculate employee comensation as per Workman Compensation Act -1923... Prasad. Bangalore
From India, Bangalore
From India, Bangalore
Payroll mistakes aren?t just costly?they?re ILLEGAL. Automate now! See It In Action - Book Your Demo
Dear Prasad,
The amount of compensation is calculated as per Section 4 of the Employees' Compensation Act, 1923. Therefore, please go through this section for your query.
With Regards,
R.N. Khola
From India, Delhi
422The amount of compensation is calculated as per Section 4 of the Employees' Compensation Act, 1923. Therefore, please go through this section for your query.
With Regards,
R.N. Khola
From India, Delhi
Compensation in case of Death: Sec 4(1)(a) - 50% of monthly wages or an amount of Rs. 1,20,000, whichever is more.
[ frac{50 times text{Monthly wages} times text{Relevant factor}}{100} ]
Additionally, Rs. 2500/- is provided for funeral expenses under section 4(4) through an amendment in 2006.
In case of Permanent Total Disablement: Sec 4(1)(b) - 60% of monthly wages or an amount of Rs. 1,40,000/-, whichever is more.
[ frac{60 times text{Monthly wages} times text{Relevant factor}}{100} ]
From India, Nasik
[ frac{50 times text{Monthly wages} times text{Relevant factor}}{100} ]
Additionally, Rs. 2500/- is provided for funeral expenses under section 4(4) through an amendment in 2006.
In case of Permanent Total Disablement: Sec 4(1)(b) - 60% of monthly wages or an amount of Rs. 1,40,000/-, whichever is more.
[ frac{60 times text{Monthly wages} times text{Relevant factor}}{100} ]
From India, Nasik
Dear Member,
The relevant factor is provided by Schedule IV of the Employees' Compensation Act, 1923.
R.N. KHOLA
From India, Delhi
The relevant factor is provided by Schedule IV of the Employees' Compensation Act, 1923.
R.N. KHOLA
From India, Delhi
Please light me why should we calculate gross salary/1000*15....to pay a associate under this act... Regards Bikash Konwar
From India, Guwahati
From India, Guwahati
Under Workmen's Compensation Act, compensation is calculated as follows:
1. For accidents resulting in death, an amount equal to fifty percent of the monthly wages of the deceased workman multiplied by the relevant factor (based on the age of the employee); or an amount of one lakh twenty thousand rupees, whichever is more.
2. For permanent total disablement, an amount equal to sixty percent of the monthly wages of the injured workman multiplied by the relevant factor, or an amount of one lakh forty thousand rupees, whichever is more.
Maximum wages for the purpose of calculating compensation are fixed at Rs. 8000. Therefore, 50% / 60%, as the case may be, the salary at the time of the accident or death, subject to a maximum of 8000, shall be multiplied by the relevant factor given below to calculate compensation.
Factors as per Schedule IV:
Completed year of age Factor for comp. Completed year of age Factor for comp.
Not more than 16 228.54 Not more than 41 181.37
17 227.49 42 178.49
18 226.38 43 175.54
19 225.22 44 172.52
20 224.00 45 169.44
21 222.71 46 166.29
22 221.37 47 163.07
23 219.95 48 159.80
24 218.47 49 156.47
25 216.91 50 153.09
26 215.28 51 149.67
27 213.57 52 146.20
28 211.79 53 142.68
29 209.92 54 139.13
30 207.98 55 135.56
31 205.98 56 131.95
32 203.85 57 128.33
33 201.66 58 124.70
34 199.40 59 121.05
35 197.06 60 117.41
36 194.64 61 113.77
37 192.14 62 110.14
38 189.56 63 106.52
39 186.90 64 102.93
40 184.17 65 or more 99.37
The Act also provides that medical expenses in connection with the accident are to be met by the employer without any limit. The funeral expenses, subject to a maximum of Rs. 5000, are also to be paid to the dependents.
Regards,
Madhu.T.K
From India, Kannur
1. For accidents resulting in death, an amount equal to fifty percent of the monthly wages of the deceased workman multiplied by the relevant factor (based on the age of the employee); or an amount of one lakh twenty thousand rupees, whichever is more.
2. For permanent total disablement, an amount equal to sixty percent of the monthly wages of the injured workman multiplied by the relevant factor, or an amount of one lakh forty thousand rupees, whichever is more.
Maximum wages for the purpose of calculating compensation are fixed at Rs. 8000. Therefore, 50% / 60%, as the case may be, the salary at the time of the accident or death, subject to a maximum of 8000, shall be multiplied by the relevant factor given below to calculate compensation.
Factors as per Schedule IV:
Completed year of age Factor for comp. Completed year of age Factor for comp.
Not more than 16 228.54 Not more than 41 181.37
17 227.49 42 178.49
18 226.38 43 175.54
19 225.22 44 172.52
20 224.00 45 169.44
21 222.71 46 166.29
22 221.37 47 163.07
23 219.95 48 159.80
24 218.47 49 156.47
25 216.91 50 153.09
26 215.28 51 149.67
27 213.57 52 146.20
28 211.79 53 142.68
29 209.92 54 139.13
30 207.98 55 135.56
31 205.98 56 131.95
32 203.85 57 128.33
33 201.66 58 124.70
34 199.40 59 121.05
35 197.06 60 117.41
36 194.64 61 113.77
37 192.14 62 110.14
38 189.56 63 106.52
39 186.90 64 102.93
40 184.17 65 or more 99.37
The Act also provides that medical expenses in connection with the accident are to be met by the employer without any limit. The funeral expenses, subject to a maximum of Rs. 5000, are also to be paid to the dependents.
Regards,
Madhu.T.K
From India, Kannur
Dear Member, Welcome to CiteHR. As already told that chart of relevant factor is provided by schedule iv of Employees Compensation Act, 1923. R.N.KHOLA
From India, Delhi
From India, Delhi
Hi members, Could anyone provide the calculations of Permanent Partial Disablement & Temporary Disablement(Total or Partial) of employees compensation act 1923?
From India, Gurgaon
From India, Gurgaon
Dear All, If the person died naturally on duty, without any accident. Shall company liable to pay compensation as per WCA-1923. Regards, -Chetan
From India, Mumbai
From India, Mumbai
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.