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HR Zone » Compensation and Benefits » Compensation Act 1923

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Compensation Act 1923
Selvi
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Posted 01-12-2011Reply

According to this what are industries does not included ..firework industries having what are the benefits

Ragul
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  Rated +2 | Posted 01-12-2011

Respected madam,

Eligibility for Compensation Act 1923
Any workman who is injured by accident arising out of and in the course of his employment in specified list of employment contracts any disease specified therein as an occupational disease peculiar to that occupation.

Federe
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  Rated +2 | Posted 02-12-2011

hi

The Workmen’s Compensation Act, 1923 provides for payment of compensation to workmen and their dependants in case of injury and accident (including certain occupational disease) arising out of and in the course of employment and resulting in disablement or death. The Act applies to railway servants and persons employed in any such capacity as is specified in Schedule II of the Act. The schedule II includes persons employed in factories, mines, plantations, mechanically propelled vehicles, construction works and certain other hazardous occupations.

The amount of compensation to be paid depends on the nature of the injury and the average monthly wages and age of workmen.The minimum and maximum rates of compensation payable for death (in such cases it is paid to the dependents of workmen) and for disability have been fixed and is subject to revision from time to time.

Federe
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  Rated +2 | Posted 02-12-2011

hi mam

For the purpose of clause (a) and clause (b) relevant factor in relation to a workman means the factor specified in the second column of Schedule IV against the entry in the fits column of that Schedule specifying the number of years which are the same as the completed years of the age of the workman on his birthday immediately preceding the date on which the compensation fell due

Nansyh3
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  Rated +1 | Posted 02-12-2011

hi

Components of compensation:-

Basic wages/Salaries
Dearness allowance
Bonus
Commissions
Mixed plans

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