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Hi friends,
I have the following doubts regarding PF.
1.What is EDLI (Employee deposit linked insurance, we pay for it along with PF) for, what benefits it will give?
After how many months of PF contribution that benefit will be applicable to employee? When applicable is there any celing or %?
2.Will VPF(Voluntary PF contribution, which will be deducted from employee salary on employee request) taxable?
Please clarify my doubts.

I have a doubt regarding the EPF Loan.
I am working in a software firm from the last 3 1/2 years. Now I want to withdraw some money from EPF in the form of loan. Can any one please tell me If I am eligible to take the loan.
Kalyan Gupta

Dear Srihari,
1) EDLI as the name denotes is a insurance Scheme. Employer alone contribute for this scheme at the rate of 0.51% of the basic (0.50% as insurance premium and 0.01% as EDLI admin Charges)
Only death benefit is coverable in this Scheme. Please go through the act attached.
2) You can contribute unto 100% of your basic as VPF. 9.5% interest will be paid for it. It will be treated as a saving,the ceiling of saving as per IT act is applicable here also.
Dear Kalyan Gupta,
Minimum of 5 years service in required for withdrawal of money from EPF accumulation. Please go through the file attached for clarifications
Excellent HR Services,

Attached Files
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File Type: doc EDLI.doc (60.5 KB, 576 views)
File Type: pdf EDLI 18 June 2010 amendment.pdf (90.6 KB, 329 views)
File Type: doc WITHDRAWALS.doc (49.5 KB, 306 views)

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