PF - EDLI goes to a/c no 21, does it calculate on 6500 or actual basic?

Could somebody help me that EDLI goes to a/c no 21, does it calculate on 6500 or actual basic?

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.

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

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

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