JAWEDALAM Started The Discussion:
Enclose find a Workmen's Compensation Calculator for calculation of compensation in case of death, Permanent Total Disablement, Permanent Partial Disablement (Covered under Schedule I and not covered under Schedule I) with a WC Insurance Premium Calculator.
Enter only Serial Number mentioned against List of Injuries Sheet in place of NATURE OF INJURY AS PER LIST OF INJURY SHEET (ENTER SL.NO ONLY).
U r free to ask for any further queries related to use of this calculator.
Good effort. But I have doubt. As per the Workmen's (Employees) Compensation Act there is minimum compensation for death Rs 120000 and in case of permanent total disability Rs 140000. Similarly, the salary is subject to a maximum of Rs 8000 and there is provision for calculating compensation on the statutory minimum rates of wages. I think the sheet takes in to account the actual salary and without minimum compensation. Please correct me, if I am wrong.
Thank you very much for suggestion given by u...I have tried to include all those which u pointed. Hope it is correct now. Please need suggestion of all viewer if they have further doubt in new calculator..
Once again thank u Madhu.T.K and looking forward for further suggestion please from ur end.
Dear R Parveen Kumar
The changes suggested by Mr. Madhu T. K have already been incorporated in this new (Workmen's Compensation Calculator1 (New).xls. plz check this new file....
"Category of compensation" = in case of Permanent Total Disablement (60%), in case of death it is (50%)just for calculation purpose.
If employee has disability in Middle ring finger, middle finger and index finger then that disablement will not come under Schedule I and will be treated as Permanent Partial Disablement (Not covered under Schedule I) and Doctor will decide %of loss of earnings. And that calculation is also incorporated in 2nd sheet "COMPENSATION PPD BY DOCTOR". Plz check it....
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