Under the Code on Social Security, 2020, in the case of death of an employee resulting from an employment injury, the amount of compensation payable to the dependants is calculated as which of the following?

Section 76, read with the Fourth Schedule of the Code on Social Security, 2020, governs the amount of compensation payable in respect of employment injuries. Where death results from an employment injury, the amount of compensation is an amount equal to fifty per cent of the monthly wages of the deceased employee multiplied by the relevant factor, or an amount of one lakh twenty thousand rupees, whichever is more. In the case of permanent total disablement, the figure is sixty per cent of the monthly wages multiplied by the relevant factor, or ₹1,20,000, whichever is more. The relevant factor depends on the age of the employee. These provisions carry forward the compensation framework of the earlier Employees' Compensation Act, 1923.