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Maximum Monthly Wage Allowed for the calculation of compensation under the Act is
Rs. 8000
Workers from the age of 16 years and above are eligible for the compensation
Relevant Factor is an age based multiplier defined in Schedule IV of the Act\
50% of the Monthly Wage x Relevant factor as per the age of the worker
Funeral expenses of Rs. 5000 is also payable
The minimum amount payable is Rs. 120,000
60% of the Monthly Wage x Relevant factor as per the age of the worker
Minimum amount payable in this case is Rs. 140,000
25% of the Monthly Wage of the Worker payable every half month
The compensation is payable if the worker is disabled for more than three consecutive
days
The maximum tenure for the compensation is five years
Relevant Factor Schedule IV of Workmen (now Employee) Compensation Act
Age is the completed years of age, of the workman or employee on the last birthday. The last
birthday is the latest birthday of the workman which is immediately preceding the due date of
compensation liability.
Age Factor Age Factor Age Factor Age Factor