Supreme Court sets ITR-based rules for road accident compensation calculation
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·10 viewsThe Supreme Court has established separate methods for computing road accident compensation depending on a victim's employment type. Salaried individuals will have their compensation determined using their most recent income tax return, while self-employed persons will be assessed on the average of their last three years' ITRs. The distinction accounts for the income variability typically seen among the self-employed. The ruling is intended to bring uniformity to how high courts across India assess and award accident damages.
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