amount of compensation for Workman
Answers
Explanation:
The Workmen Compensation Act mandates the employer to pay a compensation amount equal to 50% of monthly wages (maximum monthly wage ceiling of Rs. 8000) of the deceased employee multiplied by the relevant factor, or a sum of Rs. 140,000, whichever is higher.
Answer:
The Workmen Compensation Act mandates the employer to pay a compensation amount equal to 50% of monthly wages (maximum monthly wage ceiling of Rs. 8000) of the deceased employee multiplied by the relevant factor, or a sum of Rs. 140,000, whichever is higher.
Explanation:
In the case of total permanent disability of an employee due to an accident in the workplace, the compensation that is offered under workmen compensation policy are:
50% of the monthly salary X relevant factor based on the age of the worker.
1,20,000 is the minimum amount payable in this situation.