Question

Schedule IV of the Employees Compensation Act 1923 deals with

• A. Age factor for calculating the amount of compensation
• B. List of persons who are included in the definition of 'Employee'
• C. List of occupational diseases
• D. List of injuries Deemed to Result in Permanent Total Disablement

Hint:

In the Employees' Compensation Act, Schedule IV is the "math table." It contains the crucial age-based multiplication factors needed to calculate the final lump-sum compensation amount.

Answer 1

The Correct Option is A

The Employees' Compensation Act, 1923, contains several schedules that are crucial for its application.
Schedule I lists injuries deemed to result in permanent disablement.
Schedule II lists persons who are included in the definition of employee.
Schedule III lists occupational diseases.
Schedule IV provides a table of "Factors for working out lump sum equivalent of compensation." This table lists the relevant age factor to be used in the formula for calculating lump-sum compensation for death or permanent disablement. The factor decreases as the age of the employee increases.
The question has a typo and should refer to Schedule IV.