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Jobs & Career
Employee's Compensation Act: Interest Payable From Accident Date
✍️ Live Law
🗓 26 Jul 2026, 03:32 AM
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The Employee's Compensation Act mandates interest payment from the date of accident. A widow is entitled to penalty for non-payment.
The Employee's Compensation Act has been clarified to ensure that interest is payable from the date of the accident. This ruling is significant as it provides financial relief to the families of employees who have been injured or killed in workplace accidents. The Act aims to provide compensation to employees or their dependents in the event of injury or death due to employment. The entitlement to penalty for non-payment of compensation adds a layer of accountability for employers.