Hi
In view of the enhancement of PF slab to Rs. 15000, doubts may arise in calculations. Enclosed article examples are shown.
May be useful. If useful forward to the needy.
Ram K Navaratna
HR Resonance
Visit: HR RESONANCE - Human Resource Development, Industrial Relations, HR/Labour law Compliance audit, Training, Recruitment and other HR related

From India, Bangalore

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File Type: pdf RN Article EPF Amendment 2014.pdf (466.7 KB, 361 views)


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Dear Ram ji,
Thank you very much for your efforts in bringing in all the salient features of the amended PF Act.Very laudable cause.
As I shared in one of my earlier comments, the EDLI benefit works out to 3.6 lakhs maximum.The method, as far as I understood is...15000* 20+ 20%.
Kindly look into this.
Ashok

From India, Hyderabad
Dear Mr. Ram K Navaratna,
EDLI benefit you have shown as 1.46 L
I think It will be as under :
(Last 12 months average salary * 20 times )+ 20%
After one year average salary max. will be 15000 * 20 = 300000+ 20 % = 3.60 L.
Hope you will take of note of this,
Thanks,
Vidyadhar Bhat

From India, Pune

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