Hi,
Can anybody inform me regarding EDLI calculation, family pension calculation for widows and other dependents under the PF Act, and the calculation of dependent's benefit amount under the ESI Act in the case of the death of an employee during service? Please assist me at the earliest.
From India, Haora
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1Can anybody inform me regarding EDLI calculation, family pension calculation for widows and other dependents under the PF Act, and the calculation of dependent's benefit amount under the ESI Act in the case of the death of an employee during service? Please assist me at the earliest.
From India, Haora
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Minimum 25000.00 ( If the balance is less than certain amount ) over & above upto with reference to ( As PF authority percentage rate ) maximum amount is Rs. 60000.00
From India, Pune
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From India, Pune
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Dear HR guys Please send to me EDLI calim calculation format Regards M.Jagadeevan (M.L.M.,) HR EXecutive M/S.Suryadev Alloys & Power Pvt Ltd., Cell:9941158856
From India, Madras
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From India, Madras
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DEAR ALL PLEASE TELL ME IF Any person death after two month contribution What benefit for same
From India, New Delhi
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From India, New Delhi
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Please check Date of Eligibility: 17/03/2011 Date of Death: 18/05/2011
EDLI Amount Calculation
In this case, the EDLI amount will be 20 times the salary, subject to a ceiling amount of Rs. 1,30,000. If the death is caused due to an accident and the member was covered by the Insurance Scheme in lieu of EDLI, there may be provisions to receive double benefits, i.e., Rs. 2,60,000 or more.
Abbas.P.S
From India, Bangalore
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EDLI Amount Calculation
In this case, the EDLI amount will be 20 times the salary, subject to a ceiling amount of Rs. 1,30,000. If the death is caused due to an accident and the member was covered by the Insurance Scheme in lieu of EDLI, there may be provisions to receive double benefits, i.e., Rs. 2,60,000 or more.
Abbas.P.S
From India, Bangalore
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Dear Sir Here My point not clear because I have asked about eligibility ( Period) not amount, SO please clear again
From India, New Delhi
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From India, New Delhi
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As per rule one month contribution is required to get EDLI benefit. But practically one day attendance after registered with EPF will do for EDLI, Family pension etc. Abbas.P.S
From India, Bangalore
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From India, Bangalore
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Please tell me the time period for eligibility of pension in widow pension in epf act 1952
From India, Chandigarh
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From India, Chandigarh
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Dear All, Anybody tell me that we have a group insurance of our all employees than what the EDLI contribution is must as per epf & mp act. Thanks
From India, Delhi
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From India, Delhi
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Arvind Sir if your organization is under group insured then you dont need to deposit EDLI, but ensure that first, you have to intimate in EPF Dept. about your insurance plan.
From India, Dehra Dun
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From India, Dehra Dun
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Can a person who have only 9 months service & expired in a accident is eligible for EDLI.
From India
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From India
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EDLI New Rule
The average monthly wages drawn (subject to a maximum of 15,000.00) during the 12 months preceding the month in which the employee died, multiplied by 30 times plus 50% of the average balance in the account of the deceased in the Fund, whichever is less, subject to a ceiling of 1,50,000/-.
Provided that the assurance benefit shall not be less than 2.5 lakh rupees. Provided further that the assurance benefit shall not exceed 6 lakh rupees.
Example
Employee DOJ: 01/01/2018, DOD: 20/02/2018, PF salary: 10,000/-
EPF Deduction: 10,000 / 26 (working days) x 18 Present Days = 6,923.00
PF contribution @12% 831.00 + Employer share towards EPF @3.67% = 254.00 + EPS @8.33% = 577.00, Total EPF Balance = 1,085 + Int.
EDLI calculation: 10,000 x 30 = 3 Lacs + 50% of EPF balance i.e. 543.00. EDLI Benefits would be 3,00,543.00 + Pension to widow and child up to 2 children of age up to 25 years + EPF balance. The said provision shall be in force for the first 2 years from 15/02/2018.
From India, Mumbai
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The average monthly wages drawn (subject to a maximum of 15,000.00) during the 12 months preceding the month in which the employee died, multiplied by 30 times plus 50% of the average balance in the account of the deceased in the Fund, whichever is less, subject to a ceiling of 1,50,000/-.
Provided that the assurance benefit shall not be less than 2.5 lakh rupees. Provided further that the assurance benefit shall not exceed 6 lakh rupees.
Example
Employee DOJ: 01/01/2018, DOD: 20/02/2018, PF salary: 10,000/-
EPF Deduction: 10,000 / 26 (working days) x 18 Present Days = 6,923.00
PF contribution @12% 831.00 + Employer share towards EPF @3.67% = 254.00 + EPS @8.33% = 577.00, Total EPF Balance = 1,085 + Int.
EDLI calculation: 10,000 x 30 = 3 Lacs + 50% of EPF balance i.e. 543.00. EDLI Benefits would be 3,00,543.00 + Pension to widow and child up to 2 children of age up to 25 years + EPF balance. The said provision shall be in force for the first 2 years from 15/02/2018.
From India, Mumbai
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Dear Sir/Madam,
Our employee who joined our organization on 16th October 2017 passed away in a road accident on 16th May 2018.
His gross salary was Rs.14,000 per month, and his basic salary was Rs.5,600 per month. In his last month, his basic salary was Rs.2,377, and EPF deductions amounted to Rs.285.
When we claimed his PF, Pension, and EDLI, PF approved all his claims. However, the EDLI amount to be paid to the claimant is Rs.3,636. We are having difficulty understanding the calculation.
Please advise.
From India,
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Our employee who joined our organization on 16th October 2017 passed away in a road accident on 16th May 2018.
His gross salary was Rs.14,000 per month, and his basic salary was Rs.5,600 per month. In his last month, his basic salary was Rs.2,377, and EPF deductions amounted to Rs.285.
When we claimed his PF, Pension, and EDLI, PF approved all his claims. However, the EDLI amount to be paid to the claimant is Rs.3,636. We are having difficulty understanding the calculation.
Please advise.
From India,
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Benefits under EPF act.docx