#Anonymousyes, thanks for update. wage celing enhanced to 15000, minimum pension enhanced to 1000 and edli benefit enhanced to 20%.
28th August 2014 From India, Mumbai
30th August 2014 From India, Coimbatore
In the time of EPF limit of Rs 6500/- many employer shown break up of salary and paid contribution on only Basic and or DA part of salary, which is questioned by EPF authority and later few court cases in favor of EPF and vice versa.
Therefore, the break up of salary shall be done with keeping interest of the contribution towards EPF, EPS and EDLIS to the extent of mandatory coverage.
More light will be shown on this issue by other fraternity.
31st August 2014 From India, Mumbai
The EDLI benefit depends upon the PF Salary.
If the PF salary is Rs 6500/- for average 12 months, the deceased member was getting 6500 * 20 = Rs 130000/- as EDLI benefit. The same is increased to by 20 %.
IF average salary is Rs 15000/- * 20 = 300000+20% = 360000/- maximum will be the EDLI payment.
If the Establishment having exemption from EDLI , may have to pay minimum Rs 3.60 L under EDLI scheme.
2nd September 2014 From India, Pune