contention raised in the appeal that this should have been the benchmark for the calculation of loss of dependency must be accepted. 7. The tribunal made deduction of one-third towards personal and living expenses and applied the multiplier of 8, this taking into account the age of the deceased. This was also not correct in as much as for the age group 56-60 years, which would be the nearest, the multiplier of 9 would have the appropriate multiplier. [ Sarla Verma & Ors. v. Delhi Transport Corporation & Anr., (2009) 6 SCC 121]. 8. The annual salary would work out as (Rs.27,446/- x 12) Rs.3,29,352/-. It is noted that in the preceding financial year, corresponding to the assessment year 2006-2007, the deceased had made investments of over Rs.1 Lakh, which would result in reduction in the income tax liability. Having regard to the rates of income tax applicable for the assessment year 2007-2008, in case of women income upto Rs.1,45,000/- was exempted. The rate of income tax for the income beyond the said limit upto Rs.1,50,000/- being 10% and thereafter upto Rs.2,50,000/- being 20%, the income tax liability works out approximately to Rs.10,000/- which will have to be deducted. The net annual income, thus, comes to (Rs.27,446/- x 12 (-) Rs.10,000/-) Rs.3,19,352/-.
