How to Calculate an Accident Death Claim When ITR Returns Vary Each Year

[Quicknimesh6790]

Q

Quicknimesh6790
PARTICIPANT
February 15, 2025 at 8:31 am

My father passed away in a road accident after being hit by a tractor, which has now been seized. I want to understand how to calculate his income for the claim, as his ITR returns have varied over the past three years.

ITR 2024-25: 3x
ITR 2023-24: 2x
ITR 2022-23: x

I want to calculate a rough claim amount so that I don’t get cheated by lawyer (in the worst case).

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[Coolbro2018]

C

Coolbro2018
PARTICIPANT
February 15, 2025 at 8:40 am

On the same boat, my dad fiked avg of 4L for past 3 years, and aged abt 42 i read in act its multiplied by 15x itseems

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[Quicknimesh6790]

Q

Quicknimesh6790
OP
February 15, 2025 at 8:41 am

In your case, they can consider 4L salary. Have you reached any lawyer?

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[Coolbro2018]

C

Coolbro2018
PARTICIPANT
February 15, 2025 at 8:42 am

Yes the case is ongoing and 4l isnt salary, he runs various businesses

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[Quicknimesh6790]

Q

Quicknimesh6790
OP
February 15, 2025 at 8:44 am

Afaik it is decided based on ITR but check on the internet or talk to a lawyer.

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[Coolbro2018]

C

Coolbro2018
PARTICIPANT
February 15, 2025 at 8:46 am

Yes, most probably there are goijg to consider his future potential in your case if he is upgrading his bussiness as seen in his itr which is growing wt a good rate, the court might actually consider it to some point and btw 1/3rd of income is removed for personal consumption if i am not wrong

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[Quicknimesh6790]

Q

Quicknimesh6790
OP
February 15, 2025 at 8:48 am

There is a multiplier for the same reason.

Yes, 1/(total family members) will be removed for own expense.

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