Abedeen7
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Mukesh_azad
Labour Matters
Kkanirudhan
Training & Placement Of Management Students
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Thread Started by #rana_2011

Could somebody help me that edlic goes to a/c no 21 , does it calcute on 6500 or actual basic.
7th May 2011 From India, Lucknow
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.
7th May 2011 From India, Gurgaon
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
9th May 2011 From India, Bhubaneswar
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

9th May 2011 From India, Kochi
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
9th May 2011 From India, Bhubaneswar

Attached Files
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File Type: doc For submitting the required documents they are as follows.doc (24.0 KB, 2494 views)
File Type: doc PFF-5A_EPF.doc (41.5 KB, 566 views)
File Type: pdf PROFORMA OF COVERAGE_EPF.pdf (12.4 KB, 598 views)

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