Compensation Calculation-daily Wages Worker

parag_kawale
Dear All,
If a daily rates worker met with an accident & got expired then
what will be the formula for calculation of compensation under
Employees Compensation act in death case?
Suppose he was drawing Rs.250/- per day.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor
2) 250 x 26 = 6500
6500 x 50%= 3250 x relevant factor
Kindly suggest which one is correct out of the above two.
Thanx,
Parag
v.harikrishnan
Dear Mr.Parag
Please read section 5 of the Employees Compensation Act. The answer to your post is contained in that section.
With regards
sonigold87@yahoo.com
dear parag,
daily rate worker formula is given below.
1) 250 x 30 = 7500
7500 x 50%= 3750 x relevant factor.
because daily workers payment dailly basis that is why your 1 no. faormula is right.
sachin kuamr soni
(Personnel Executive)
Shayam Group
v.harikrishnan
Dear sonigold87Wyahoo.com
If the Act prescribes a particular method for calculating the wages, that method has to be followed.
With regards
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