Thread Started by #RAMU-HR

Respected seniors
My query is death compensation amount. Is there any maximum limit of death compensation under Employee compensation Act. In one of the case we works out death benefit amount Rs.854280 ( Rs.8000 * 50% * factor 213.57 =854280) + funeral expenses Rs.5000/
Other than that is there any maximum limit for death compensation?
Kindly advise me on this issue
Regards
Ramu
6th June 2017 From India, Vijayawada
No. there is no such max.limit since it is based on age factors.However, you can logically fix a upper limit by calculating the factors at the lowest age at 16 and multiplying it by the ceiling wage at Rs.8000/- and dividing the product by half. Thus, you can arrive the maximum to a tune of Rs. 914160/-. Further, the component of funeral expenses can not considered to be the component of Compensation...
11th July 2017 From India, Chennai
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