How to calculate the compensation u/s 163(A) of MV Act

Md Shadab Ansari (Querist) 28 August 2010 This query is : Open
Dear Learned Experts

How to calculate the compensation u/s 163(A) of MV Act if the age of the deceased is 55 his salary is 16000/month, wife and parents are dead and has 4 children(2 son and 2 daughter both married).

Also explain the procedure of calculation with illustration with given figures...what is the difference between 163(A) and 166 of MV act.

Thanks

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