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Saturday, June 26, 2010

Revised monthly wage ceiling limit of 50% of Rs.4000 increased to Rs.8000-Employees Compensation Act for maximum compensation calculation

As you are aware, Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months, etc..& also applicable to casual & clericals, the said amendment which has removed the ceiling of monthly wage limit of Rs.4,000 for the purpose of calculation of Maximum Compensation under the Act is now amended again.

 

Now, a new monthly wage ceiling limit of Rs. 8000 is introduced for the purpose of calculation of 50% of it during computation of Maximum compensation under the Act.  Hence, the maximum compensation can go UPTO 50% of 8000 which comes to Rs. 4000/- that shall be multiplied by Age factor. Thus, effectively it was erstwhile 50% of Rs.4000 and now it is 50% of Rs.8000/-. This amendment is notified vide Central Government Notification No. S.O. 1258(E) vide Ministry of Labour & Employment dated 31st May 2010.

10 comments:

Anonymous said...

It is indicated above that the ceiling of monthly wages has been enhanced from Rs.4000/- to Rs.8000/- with effect from 31st May 2010. But from the Gazette Notification made in this behalf shows that the said Rs.8000/- is a specific amount, most probably applicable in case of all cases without having any minimum or maximum limit. It is a fixed amount of monthly wages to be taken for calculation of compansation in case of an employee in Employee's Compensation Act, 1923. How it is written above so. Please may be clarified properly in this context? Please take a paid to send necessary clarification in my following mail id. Yous Mr. Bishnu Charan Pati.
bcp_oswc@rediffmail.com

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Mehtah said...

Can anyone mail me the copy of notification No. S.O. 1258(E) vide Ministry of Labour & Employment dated 31st May 2010 as there are different opinions.

The wages declared for insurance should also be in accordance with the Act to get full indemnity.
My email id: mehtah45@gmail.com

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