In Hr Job
Assistant Engineer, Indian Telephone Industries,
18th October 2010 From India, Madras
If the death is caused due to accident and the meber was covered by Insurance Scheme in lieu of EDLI, there may be provisions to get double benefit. i.e Rs. 2,60,00 or more.
19th July 2011 From India, Bangalore
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
6th July 2018 From India, Mumbai
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.
2nd November 2018 From India,