Dear All
My query is with EDLI calculation.
1. I want to know how EDLI is calculated according to new P.F ceiling limit .
2. How much minimum contribution is required ?
3. Procedure & documents required to settle the claim.
Please make it simple and explain with e.g if possible.
From India
3My query is with EDLI calculation.
1. I want to know how EDLI is calculated according to new P.F ceiling limit .
2. How much minimum contribution is required ?
3. Procedure & documents required to settle the claim.
Please make it simple and explain with e.g if possible.
From India
Thanks Abbasiti
Salary means what ? Please clear 24 times of what ?
1. Through some source i came to know about the calculation by P.F department for EDLI.
Formula ;- Average basic * 20 + 20%
Is it true ???.
2. At the time of calculation does PF balance of employee is considered ?
From India
Salary means what ? Please clear 24 times of what ?
1. Through some source i came to know about the calculation by P.F department for EDLI.
Formula ;- Average basic * 20 + 20%
Is it true ???.
2. At the time of calculation does PF balance of employee is considered ?
From India
Mr. Abbas has replied you as per the latest circular of Sept 2014 of EPFO. Salary means average of last 12 months of EPF wages (the wage on which EPF contribution is being deducted). I request Abbas to clarify how this average salary will be calculated in case of sad demise of an employee before completing 12 months of service.
From India, Thane
From India, Thane
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
EDLI CALCULATION.xls x