Section 4 of ECA : Section 4: Amount Of Compensation
ECA
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Explanation using Example
Imagine an employee, John, who works in a factory and earns a monthly wage of 10,000 rupees. Unfortunately, John suffers an accident at work that leads to his death. According to Section 4 of The Employees Compensation Act, 1923:
- John's employer is required to pay compensation for his death. The amount would be either fifty percent of John's monthly wages multiplied by a relevant factor (as specified in Schedule IV of the Act) or one lakh and twenty thousand rupees,...
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