1) disability percentage (will be decided by Doctor vide their certificate),
2) compensation factor as per his/her completed years of age on the last birthday of the workman(refer EC act),
3) monthly wages drawn (As per Employees Compensation Act, when the wages exceeds Rs. 8000/-, then for the purpose of calculating the amount of compensation, the wages should be taken as if the workman is drawing the wage of Rs. 8000/- per month) - 60% of wages shall be taken into consideration.
you may please take following example for calculation:
Rs. 4800/- [ 60% of wages] x 199.40 [relevant factor] = 9,57,120/- [ 100% compensation]
The disability is 6% : therefore, the amount of compensation would be Rs. 57,427.20/- (Rupees Fifty seven thousand four hundred twenty seven and twenty paise only).
Also you need to pay compensation amount to workman through DD/pay order in favour of <name of workman> alongwith duly filled and signed Form-L for your application for registration of memorandum of agreement at Regional Labour Court (Commissioner under WC act).
please refer EC Act for more details.
19th March 2018 From United States, Toledo