Edli Calculation In Case Of Employee's Death

vishal_dhruv
Dear Seniors,
Felt good to have so much valuable responses.
Pl let me know one thing more, Mr. Gurumurthy saying that maximum 60000/- amount can be claimed in respect to EDLI.
Now pl go through the link, wherein it was written that maximum 100000 rupees can be availed from EDLI.
Citehr.com/244069-edli-calculation-case-death-during-service-period.html
One of my friends informed that if an employee has passed away, PF deptt. reimburse Rs. 100000 without making any sort of calculation.
Pl help on this. what parameters are taken while making calculation of edli amount for reimbursement.
Regards,
VSL
abbasiti
Dear Gurumurthy & Vishal,
Maximum amount of EDLI is enhanced from Rs. 60,000 to Rs. 100,000. later it is enhanced to Rs. 1,30,000.
Normally the EDLI is (Death after 8.1.2011) 20 times of salary subject to a ceiling salary of Rs. 6500.
Abbas.P.S
bhardwaj_ch1
yes Abbasiti is right but edli ceiilng has no limit as it is contributed form total .05% edli paid as total of 24% contribution from organisation.
and 1st condition is dead employee's name must be on roll on date he/she died.
EDLI stands to benefit dead employee's nominees where child up to age 25yrs and widow untill remarry.
abbasiti
Dear Bhardwaj,
1. There is ceiling for both EDLI contribution and EDLI benefit. It is Rs. 32.50 and Rs. 1,30,000 respectively.
2. EDLI contribution is not 0.05%, but 0.5%.
3. EDLI contribution is in addition to 24% PF contribution.
Abbas.P.S
bhardwaj_ch1
Yes contribution is .5% means .50 and not "point five".
and edli is calculated on total 24% as I have mentioned in my first date.
For your 1st point, I appreciate.
keep updating us by your in depth knowledge on labour compliance
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute