New India Assurance Company Limited v. Gurmail Kaur And Others

 

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1 2018(4) RCR(Civil) 333(SC)  
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S No Heads & figures Calculations Amount Gross annual income of the deceased 36863x12=442356 442356 Annual income Tax liability after standard deduction of Rs. 40000 442356-40000=402356 Net annual income after income tax 442356-7923= 434433 434433 Net monthly income after income tax 434433 divided by 12=36203 36203 Net monthly income by adding 50% of 36203 for 36203 multiplied by 3 divided by 2 = 54305 54305

future prospects Deduct 50% for personal expenses 54305-27152=27152 27152 Claimants' monthly dependency 54305-27152=27153 27153 Total dependency with multiplier of 18 27153x12x18=5865048 5865048 Loss of estate 15000 Funeral expenses 15000 Loss of consortium for two claimants 40000x2=80000 80000 Total payable compensation 5865048+ 15000+15000+ 80000=5975,048.

(Rupees fifty nine lakhs, seventy five thousand and forty eight only).

5975048 
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