Hai I am working in a Pvt company , I need help in calculatining EDLI . Our company exempt from EDLI in PF but we under take PVT EDLI Policy. In this regard ,how there calculate EDLI
From India, Madras
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From India, Madras
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If you are exempted from EDLI on the basis of your group insurance policy of LIC, you need not contribute towards EDLI and administration charges thereon. However, you have to pay Inspection charges at 0.005% of the total wages every month.
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Madhu.T.K
From India, Kannur
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4526Regards,
Madhu.T.K
From India, Kannur
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Dear Sir,
Recently, there has been an amendment in the provisions of the EDLI Scheme 1976, where an enhancement is proposed under the said Act. If so, will LIC also enhance the ceiling to provide a greater increase in the quantum of the sum to qualify for exemption under the PF Act? Kindly clarify.
R. Srinivasan
From India, Madras
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Recently, there has been an amendment in the provisions of the EDLI Scheme 1976, where an enhancement is proposed under the said Act. If so, will LIC also enhance the ceiling to provide a greater increase in the quantum of the sum to qualify for exemption under the PF Act? Kindly clarify.
R. Srinivasan
From India, Madras
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R/sir, we are doing arrear p.f calcultaion apart form that basci-420/- p.f- 51 can u tel edli wages *0.01000% = 0.41 or there is any minimum amount
From India, Visakhapatnam
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From India, Visakhapatnam
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Dear Madhu Sir,
As per your message, what would be the total percentage of PF admin charges (normally it is 1.61% of Basic with EDLI included)? Could you also provide the breakdown of the calculations?
Thanks & Regards,
Jeene
From India, Bangalore
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As per your message, what would be the total percentage of PF admin charges (normally it is 1.61% of Basic with EDLI included)? Could you also provide the breakdown of the calculations?
Thanks & Regards,
Jeene
From India, Bangalore
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Dear VSV Lakshmi,
EDLI calculation is on central pooling basis, i.e., the calculation is not individual. Take the consolidated salary of all applicable employees (subject to the individual ceiling of Rs. 6500). Calculate the 0.5% and round to the nearest rupee. However, this should not be below Rs. 2.
Abbas.P.S
From India, Bangalore
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EDLI calculation is on central pooling basis, i.e., the calculation is not individual. Take the consolidated salary of all applicable employees (subject to the individual ceiling of Rs. 6500). Calculate the 0.5% and round to the nearest rupee. However, this should not be below Rs. 2.
Abbas.P.S
From India, Bangalore
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Can you please confirm the below post on EDLI? Most forum posts show EDLI calculated from total wages.
https://www.citehr.com/333224-edli-c...ml#post1526219
Thanks
From India, Pondicherry
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https://www.citehr.com/333224-edli-c...ml#post1526219
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From India, Pondicherry
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Provident Fund - Excluded Employee - Definition.pdf
PROVIDENT FUND CALCULATION.xls