Calculation Of Workmen Compansation

Under Workmen's Compensation Act, compensation is calculated as follows:1\. For accidents resulting in death, an amount equal to fifty percent of the monthly wages of the deceased workman multiplied by the relevant factor (based on the age of the employee); or a...

Dear All,Could anyone shed light on how to calculate employee compensation as per the Workmen's Compensation Act of 1923?PrasadBangalore

Hi members,Could anyone provide the calculations of Permanent Partial Disablement & Temporary Disablement (Total or Partial) as per the Employees' Compensation Act of 1923?Thank you.

Dear Member,The relevant factor is provided by Schedule IV of the Employees' Compensation Act, 1923.R.N. KHOLA@hanumanthraor:> Hi, what is the relevant factor and how is it calculated?

Dear Prasad,The amount of compensation is calculated as per Section 4 of the Employees' Compensation Act, 1923\. Therefore, please go through this section for your query.With Regards,R.N. Khola@prasad.hrpg:> Dear All,> > Could anyone shed light on how to calcula...

Dear Chetan,If the accident occurs in the course of employment, then the Employees' Compensation Act, 1923 would be applicable. However, in your case, this accident does not seem to be due to employment, and hence no compensation appears to be payable by the emp...

Dear Member,Welcome to CiteHR.As already mentioned, the relevant factors are provided in Schedule IV of the Employees' Compensation Act, 1923.R.N.KHOLA@ps2dean:> How can one remember the relevant factor? Is there a formula for it?> Ramesh

Please enlighten me, why should we calculate the gross salary/1000*15 to pay an associate under this act.Regards,Bikash Konwar

Compensation in case of Death: Sec 4(1)(a) - 50% of monthly wages or an amount of Rs. 1,20,000, whichever is more.[ frac{50 times text{Monthly wages} times text{Relevant factor}}{100} ]Additionally, Rs. 2500/- is provided for funeral expenses under section 4(4) ...