@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
28 August 2014Gazette Notification on enhancement of statutory wage ceiling to Rs. 15,000/-, minimum pension of Rs. 1,000/- per month and 20% additional relief on the amount of assurance benefit admissible under EDLI Scheme announced today.
Refer attachment.
Source:https://www.epfindia.com/Circulars/Y2014-15/Coord_SchemeAmendment_13637.pdf
Pijush Chunari
(MBA)
(21 Points)
Replied 02 September 2014
Sir Can you please clarify the matter of 20% additional EDLI releif?
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 02 September 2014
| Originally posted by : Pijush Chunari | ||
 |
Sir Can you please clarify the matter of 20% additional EDLI releif? |  |
The benefit provided in case of death of an employee who was member of the scheme at the time of the death,
The family will get 20 times of the average wages of the last 12 months of the member.
According to the revised scheme, maximum benefits under the scheme will now be Rs. 1,56,000/- , as the wage ceiling upto which contribution can be paid under the scheme is Rs. 3,60,000/-.
Pl. read this 2 ciculars for clarity:
https://www.epfindia.com/Circulars/Y2014-15/EDLI_AmendmentScheme_7736.pdf
https://www.epfindia.com/EDLI_1976.pdf
Thanks!
CAclubindia
