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Dear All,
if the employees dies after the one year service how much amount nominee will get where his gross salary is 13500 and PF deduction is Rs.729.
kindly share the clear calculation part,
and what forms should nominee to fill up and what are the documents should attach.
Regards,
Murali
Executive HR

Dear Mr. Murali,
If the PF contribution is Rs. 729, PF applicable salary will be Rs. 6075/month.
I. PF contribution
Employee contribution to PF will be 729x12 = Rs. 8748 + Interest - (A)
Employer contribution to EPS will be 6075x8.33%= 506/month
Employer contribution to PF is 729-506= 223x12= Rs. 2676 + interest - (B)
Total PF contribution (A) + (B) = Rs.11424 + Interest - (C)
II. Family pension
Rs. 2011/month to widow/widower. - (D)
Rs. 503/month to two children upto an age of 25 years. - (E)
If widow/widower is not alive Children will get orphan pension @ Rs.1509 each. -(F)
6075x20 = Rs. 121500 (one time payment). - (G)
Abbas.P.S

From India, Bangalore
Thank you very much abbas.........,
EDLI = 20*Basic Salary is this formula applicable for every case or else any changes takes place..................,
how this family pension calculated, kindly share the same.

Dear Mr. Murali,
EDLI = 20 times of salary has a cap. i.e salary upto 6500 or amount upto 1,30,000.
Widow pension is according to Table C. Ceiling (i.e. salary 6500) is 2051. For salary ranging from 6051 to 6100 is 2011.
Child pension is 25% of widow pension and orphan pension is 3 times of child pension.
Abbas.P.S

From India, Bangalore
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