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