Government Rule of Accidental Death Compensation
Posted on: 27/Nov/2017 2:34:39 PM
Filing of the Income Tax Returns (ITR) by the entitled citizens of our nation is not only a personal responsibility for the people but also a beneficial factor for safeguarding the future during the time of crisis.
Section 166 Motor Act, 1988
According to the Government law if a person dies in an accident and he/she a regular tax payer for the past three years immediately before his death then the Government of India is entitled to give a compensation of ten times his average three years income. For instance a person’s average three years income before his accidental death is 6 lakhs rupees, then his or her family receives a total compensation of Sixty Lakh Rupees.
Right to Information
This rule was not well known among many population of India and most of the time the affected family doesn’t receive any kind of compensation purely out of ignorance of the Government Laws. The information about this rule and the formalities to receive the compensation is almost available in all law bodies of the Indian Government. Most of the misconceptions about the Government is about collecting heavy taxes from its citizens but Paying taxes are sometimes also. If all of the taxes are filed properly people may feel secure about their life and any kind of unexpected crisis.
