Arvind Sir if your organization is under group insured then you dont need to deposit EDLI, but ensure that first, you have to intimate in EPF Dept. about your insurance plan.
From India, Dehra Dun
24From India, Dehra Dun
not covered right now but i want to covered by a group insurance. some employees are already covered in epf. now i want to all the employees covered by G.I.
From India, Delhi
From India, Delhi
Whether revised maternity Act has come to force or not ? Wherein maternity leaves shall be increased from 12 weeks to 26 weeks ? If yes, please arrange to provide the notification
From India, New Delhi
From India, New Delhi
Can a person who have only 9 months service & expired in a accident is eligible for EDLI.
From India
From India
EDLI NEW RULE:
The average monthly wages drawn (subject to a maximum of 15000.00), during the 12 months preceding the month in which he died, multiplied by 30 times plus 50% of the average balance in the account of the deceased in the Fund whichever is less subject to a ceiling of 1,50,000/-:
Provided that the assurance *benefit shall not be less than 2.5 lakh rupees: Provided further that the assurance benefit shall not exceed 06 lakh rupees:*
Example: Employee DOJ: 01/01/2018, DOD: 20/02/2018, PF salary:10,000/-
EPF Deduction: 10,000 / 26(working days) x 18 Present Days = 6923.00,
PF contribution @12% 831.00 + Employer share towards EPF @3.67% =254.00 + EPS @8.33% = 577.00 , Total EPF Balance = 1085 + Int.
EDLI calculation: 10,000 x 30 = 03 Lacs + 50% of EPF balance i.e.543.00.
EDLI Benefits would be 3,00,543.00 + Pension to widow and child up to 02 children of age up to 25 years + EPF balnce.
the said provision shall be in force for first 02 years from 15/02/2018
From India, Mumbai
The average monthly wages drawn (subject to a maximum of 15000.00), during the 12 months preceding the month in which he died, multiplied by 30 times plus 50% of the average balance in the account of the deceased in the Fund whichever is less subject to a ceiling of 1,50,000/-:
Provided that the assurance *benefit shall not be less than 2.5 lakh rupees: Provided further that the assurance benefit shall not exceed 06 lakh rupees:*
Example: Employee DOJ: 01/01/2018, DOD: 20/02/2018, PF salary:10,000/-
EPF Deduction: 10,000 / 26(working days) x 18 Present Days = 6923.00,
PF contribution @12% 831.00 + Employer share towards EPF @3.67% =254.00 + EPS @8.33% = 577.00 , Total EPF Balance = 1085 + Int.
EDLI calculation: 10,000 x 30 = 03 Lacs + 50% of EPF balance i.e.543.00.
EDLI Benefits would be 3,00,543.00 + Pension to widow and child up to 02 children of age up to 25 years + EPF balnce.
the said provision shall be in force for first 02 years from 15/02/2018
From India, Mumbai
Dear Sir / Ma'am,
Our Employee who join in our organization on 16th October'2017 & he was died in a road accident on dated.16th May'2018.
His Gross Salary was Rs.14000/- per month and his Basic Salary was Rs.5600/- per month.
His last month Basic was Rs.2377/- & EPF Deducted Rs.285/-
When we are claim his PF, Pension & EDLI pf approved all his claim.
But EDLI Amount will be paid to the claimant of Rs.3636/-.
We can not understand the calculation.
Please advice.
From India,
Our Employee who join in our organization on 16th October'2017 & he was died in a road accident on dated.16th May'2018.
His Gross Salary was Rs.14000/- per month and his Basic Salary was Rs.5600/- per month.
His last month Basic was Rs.2377/- & EPF Deducted Rs.285/-
When we are claim his PF, Pension & EDLI pf approved all his claim.
But EDLI Amount will be paid to the claimant of Rs.3636/-.
We can not understand the calculation.
Please advice.
From India,
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EDLI CALCULATION.xls x