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rana_2011
11

Could somebody help me that EDLI goes to a/c no 21, does it calculate on 6500 or actual basic?
From India, Lucknow
mukesh_azad
16

Dear Rana
That EDLI gotes to A/c No. 21 and it is calculated on the Basic, if the amount is less than 6,500/- then it will be on actual or the amount of basic is more than Rs. 6,500/- then it will be calculated only on Rs. 6,500/- only.

From India, Gurgaon
abedeen7
135

Dear Mr.Rana, EDLI contribution is 0.5% of (basic+da+food concession) and limit to maximum of Rs32.50. Hope this help you Regard’s Shaikh
From India, Bhubaneswar
kkanirudhan
1

Employees Deposit Linked Insurance Scheme

The purpose of the scheme is to provide life insurance benefits to employees who are already covered under PF/FPF. The employer has pay contribution equal to 0.50% of the total wages of employees in addition, administrative charges of 0.01% of total wages. [Notification no. AO 503(E) dated 28th July 1976 issued u/s 6C (2) of PF Act].

The employee does not contribute any amount to the scheme. The salary limit for coverage of employees is same as that of Provident Fund.

Exemption from the scheme can be obtained from RPFC if LIC Group Gratuity scheme is adopted by employer. If exemption is granted, only inspection charges @ 0.005% are payable to PF authorities.

courtesy citeHR

From India, Kochi
abedeen7
135

Dear Mr.Santosh,
The required documents are attached. Fill the forms by the contract and ask them to deposit in the Regional EPF office. Contractor will get the code.
Hope this will help you.
Regard's
Shaikh

From India, Bhubaneswar
Attached Files (Download Requires Membership)
File Type: doc For submitting the required documents they are as follows.doc (24.0 KB, 2629 views)
File Type: doc PFF-5A_EPF.doc (41.5 KB, 584 views)
File Type: pdf PROFORMA OF COVERAGE_EPF.pdf (12.4 KB, 622 views)

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