At present the maximum wage limit per month is Rs. 8000/- for calculation of compensation under Employees Compensation Act, 1923. R N KHOLA
From India, Delhi
363From India, Delhi
The maximum wage limit for calculation of compensation under the EC Act,1923 stands revised from Rs.8000-00 to Rs.15000-00 w.e.f 03-01-2020 vide the Ministry of Labor and Employment Notification S.O.71(4) dated 03-01-2020.
From India, Salem
From India, Salem
THE MAHARASHTRA SHOPS & ESTABLISHMENT ACT, 1948 it mandatory attendance register keep on reception and employee is must sign and time in the register. having 35 employee and we are following biometrics attendance
please suggest me.
please send me labour law summer similar like i here attached
From India, Thane
please suggest me.
please send me labour law summer similar like i here attached
From India, Thane
Dear Experts, Can you please help me to understand the calculation under the EC Act 1923. For Eg if the wages was 12000 what would be the calculation.
From India, Delhi
From India, Delhi
In such a case compensation under the ECA,1923 has to be calculated on the basis of Rs.12000/= or the statutory minimum wages whichever is higher.
From India, Salem
From India, Salem
Dear Sandeep,
Amount of Compensation:
A. Where death results from the injury : An amount equal to (Fifty per cent) of the monthly wages of the deceased (employee) multiplied by the relevant factor (Copy of factors for working attached)
OR
an amount of (One lakh and twenty thousand rupees), whichever is higher
B. Where permanent total disablement results from the injury : An amount equal to (Sixty per cent) of the monthly wages of the injured (employee) multiplied by the relevant factor
OR
an amount of (One lakh and forty thousand rupees), whichever is higher.
suppose the age of deceased is 40 yrs. and salary 14,000/- 50% wages is Rs.7,000 x 184.17 is factor than the compensation will be Rs.12,89,190/-.
Regards,
Suresh
From India, Thane
Amount of Compensation:
A. Where death results from the injury : An amount equal to (Fifty per cent) of the monthly wages of the deceased (employee) multiplied by the relevant factor (Copy of factors for working attached)
OR
an amount of (One lakh and twenty thousand rupees), whichever is higher
B. Where permanent total disablement results from the injury : An amount equal to (Sixty per cent) of the monthly wages of the injured (employee) multiplied by the relevant factor
OR
an amount of (One lakh and forty thousand rupees), whichever is higher.
suppose the age of deceased is 40 yrs. and salary 14,000/- 50% wages is Rs.7,000 x 184.17 is factor than the compensation will be Rs.12,89,190/-.
Regards,
Suresh
From India, Thane
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
EPS - Wage Limit increase_01.09. 2014.pdf
Salary & Wage .xls
ESIC Wage Limit Increased.JPG