he was working as Assistant Manager in Standard Chartered Bank and was earning a sum of Rs.42,000/- per month, plus perks. To prove the income of the deceased, P.W.8 was examined, through whom, Ex.P-45 Transfer Certificate of the deceased, Ex.P-46 Admission Certificate of Master of Foreign Trade Course, Ex.P47 Promotion Letter of the deceased and Ex.P-48 pay particulars of the deceased/par revision letter of the deceased, were marked. To prove the income of the deceased, P.W.9 Janardhanan, Head Service Delivery Officer, Chennai, attached to Standard Chartered Bank was also examined, through whom, Ex.P-49 Authorisation Letter, Ex.P-50 Appointment Order copy of the deceased and Ex.P-51 Service Extract copy of the deceased were marked. The Tribunal, on a perusal of these documents, observed that the deceased was appointed on 24.07.2001 and his basic salary was Rs.1,27,400/- per annum and the consolidated allowances and reimbursement was Rs.1,32,600/- per annum. It was also observed by the Tribunal that his designation based on the above documents at the time of death was Assistant Manager and his last monthly salary was Rs.33,450/-. The Tribunal further observed based on the above documents that the additional superannuation allowance was Rs.27,209/- per annum. Considering the above oral and documentary evidence, the Tribunal fixed the monthly income of the deceased at Rs.33,450/-, and the annual income was fixed at Rs.4,01,400/-, to which, Rs.27,209/- was added as superannuation allowance, and the amount of loss of annual income works out to Rs.4,28,609/-, which was rounded off to Rs.4,28,000/- per annum. Thereafter, the Tribunal deducted 20% towards income tax, i.e. Rs.85,600/(4,28,000 x 20%) and arrived at a sum of Rs.3,42,400/- (4,28,000 - 85,600) as annual loss of income of the deceased. Then, 1/4 was deducted towards personal expenses of the deceased and thus the Tribunal arrived at a sum of Rs.2,56,800 (3,42,400 - 85,600 (1/4 of 3,42,400)) as annual loss of dependency. Then, the Tribunal adopted the multiplier 17 and arrived at the loss of pecuniary benefits at Rs.43,65,000/- (Rs.2,56,800 x 17).
