How to calculate the compensation u/s 163(A) of MV Act
Md Shadab Ansari
(Querist) 28 August 2010
This query is : Resolved
Dear Learned Experts.
How to calculate the compensation u/s 163(A) of MV Act if the age of the deceased is 55 his salary is 16000/month, wife and parents are dead and has 4 children(2 son both are major and 2 daughter both married).Also explain the procedure of calculation with illustration with given figures...what is the difference between 163(A) and 166 of MV act.Thanks
s.subramanian
(Expert) 15 September 2010
Apply the multiplier test and compute the compensation.