can any one help me to know about EDLI and is there any provision for exemption from EDLI?
From India, Bhubaneswar
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11From India, Bhubaneswar
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Hi EDLI is called as Employee Depository Linked Insurance. It is as good as Insurance for employees. If your organisation has any Insurance benefits then it can be exempted. Else it is mandatory
From India, Bangalore
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From India, Bangalore
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Thank you, JP. However, the scheme states in US 17(2) that any company can take the exemption if the company provides a suitable scheme for the employees beyond EDLI. Our company has already taken the exemption, but I would like to know if our company is still paying EDLI or not?
From India, Bhubaneswar
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From India, Bhubaneswar
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EDLI is exampled from P F O, means EDLI is to be paid at LIC for account no.21 and Ac no.22 is .005% to be paid at PF in P F Challan.
From India, Ahmadabad
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From India, Ahmadabad
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You have to take a LIC policy in lieu of EDLI to claim exemption from paying contribution to PF
From India, Chennai
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From India, Chennai
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Understanding EDLI and Exemption Options
EDLI can be paid either with EPF or through any other scheme that matches the benefits provided by EPF. If EDLI is not maintained with EPF, companies can subscribe to LIC by obtaining an exemption certificate from the relevant authority.
From India, Chennai
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EDLI can be paid either with EPF or through any other scheme that matches the benefits provided by EPF. If EDLI is not maintained with EPF, companies can subscribe to LIC by obtaining an exemption certificate from the relevant authority.
From India, Chennai
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Tax Exemption (SUPERB).doc
EPF,EPS,EDLI.pp t