Dear All,
If a daily-rated worker met with an accident and passed away, what will be the formula for calculating compensation under the Employees' Compensation Act in the case of death?
Suppose he was earning 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.
Thank you,
Parag
From India, Nasik
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3If a daily-rated worker met with an accident and passed away, what will be the formula for calculating compensation under the Employees' Compensation Act in the case of death?
Suppose he was earning 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.
Thank you,
Parag
From India, Nasik
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Dear Mr.Parag Please read section 5 of the Employees Compensation Act. The answer to your post is contained in that section. With regards
From India, Madras
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From India, Madras
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Dear Parag,
The daily rate worker formula is given below:
1) 250 x 30 = 7500
7500 x 50% = 3750 x relevant factor.
Because daily workers are paid on a daily basis, that is why your first formula is correct.
Sachin Kumar Soni
Personnel Executive
Shayam Group
From India, Allahabad
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The daily rate worker formula is given below:
1) 250 x 30 = 7500
7500 x 50% = 3750 x relevant factor.
Because daily workers are paid on a daily basis, that is why your first formula is correct.
Sachin Kumar Soni
Personnel Executive
Shayam Group
From India, Allahabad
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EMPLOYEES' COMPENSATION ACT - IMP- PROVISIONS IN TELUGU VERSION.pdf
Employees' Compensation Act 1923.doc