Enter the age, monthly income and number of dependants, and this computes compensation on the conventional multiplier method — with the multiplier, the deduction for personal living expenses, the addition for future prospects and the conventional heads each shown separately, so every figure can be checked against the judgment it comes from.
Annual income is taken first, because the multiplier applies to annual and not monthly income. Future prospects are added at the percentage Pranay Sethi fixes for the age and the nature of the employment. A deduction is then made for what the deceased would have spent on themselves, on the fractions Sarla Verma sets by the number of dependants. The multiplier for the age is applied to what is left, and the conventional heads are added.
The order matters and getting it wrong is not a rounding error. Applying the multiplier to monthly income understates a claim by a factor of twelve, and applying a separate multiplier per dependant and summing them overstates it by as many times as there are dependants.
Every step is returned with the authority it rests on. A claim pleaded at a quarter of its value is a quarter of a recovery, and the family has one chance at it.
It computes the conventional method on the figures you give it. It does not decide contributory negligence, it does not value a disability in an injury claim, it does not choose between the heads of claim available, and it cannot know what a Tribunal will accept as proved income — which is the figure most often disputed.
Interest and costs are for the Tribunal. Treat the output as a properly-constructed opening computation to check your own against, not as an award.
14, on the table settled in Sarla Verma v. Delhi Transport Corporation, (2009) 6 SCC 121 and approved by the Constitution Bench in National Insurance Co. v. Pranay Sethi, (2017) 16 SCC 680. The multiplier is applied to annual income after adding future prospects and deducting personal living expenses.
Yes. Pranay Sethi made an addition for future prospects mandatory rather than discretionary, and set percentages for a person on a fixed salary or self-employed as well as for someone in permanent employment, with the percentage reducing as age increases.
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