Dears,
Under Employee’s Compensation Act, 1923 the monthly wages limit has been enhanced form Rs.4000/- to Rs.8000/- w.e.f. 31/05/2010
1. Is there any recent change in the ceiling on monthly wages?
2. Is the monthly wages only Basic + DA as per MW Act or Gross Saalry (Basic + DA + HRA+ Conveyance + Special Allowance + other allowance)
Please clarify.
R.Srinivasan
Mobile : 9533697005
From India, Hyderabad
Under Employee’s Compensation Act, 1923 the monthly wages limit has been enhanced form Rs.4000/- to Rs.8000/- w.e.f. 31/05/2010
1. Is there any recent change in the ceiling on monthly wages?
2. Is the monthly wages only Basic + DA as per MW Act or Gross Saalry (Basic + DA + HRA+ Conveyance + Special Allowance + other allowance)
Please clarify.
R.Srinivasan
Mobile : 9533697005
From India, Hyderabad
Dear srinivasan
1) query No.(1)- yes for computing compensation
query No(2) : it consists of basic+DA/specilalaowance (or any allowance linked to cost of living + cashvalue of food concession, if any.
B.Saikumar
HR& Labour Law advisor
Mumbai
From India, Mumbai
18981) query No.(1)- yes for computing compensation
query No(2) : it consists of basic+DA/specilalaowance (or any allowance linked to cost of living + cashvalue of food concession, if any.
B.Saikumar
HR& Labour Law advisor
Mumbai
From India, Mumbai
Dear Mr.Saikumar,
Thanks for your kind information.
1. I want to know whether there is any change (amendment) in ceiling of salary (above Rs.8000/-)
2. In case of a workman who is eligible for compensation under this act receiving gross salary (for example) Rs. 10000 per month (Basic Rs.3000, HRA Rs.2000, CCA Rs.3000, Conveyance Rs.800 and Special Allowance Rs.1200). What are the components to be taken into account to calculate compensation?
Please explain.
R.Srinivasan
From India, Hyderabad
Thanks for your kind information.
1. I want to know whether there is any change (amendment) in ceiling of salary (above Rs.8000/-)
2. In case of a workman who is eligible for compensation under this act receiving gross salary (for example) Rs. 10000 per month (Basic Rs.3000, HRA Rs.2000, CCA Rs.3000, Conveyance Rs.800 and Special Allowance Rs.1200). What are the components to be taken into account to calculate compensation?
Please explain.
R.Srinivasan
From India, Hyderabad
Dear stallion
There is no further cahnge in the wage limit of Rs.8000/-p.m. wages excludes a) travelling allowance or value of travelling concesionb) P.F and Pension contributions c) any amount paid to reimburse expenses incurred by the employee in discharge of his duties.
B.Saikumar
HR &Labour Law advisor
Mumbai
From India, Mumbai
There is no further cahnge in the wage limit of Rs.8000/-p.m. wages excludes a) travelling allowance or value of travelling concesionb) P.F and Pension contributions c) any amount paid to reimburse expenses incurred by the employee in discharge of his duties.
B.Saikumar
HR &Labour Law advisor
Mumbai
From India, Mumbai
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