Corporate Law : The Employees' Deposit-Linked Insurance Scheme (EDLI) by the Employees Provident Fund Organisation (EPFO) offers a safety net for ...
Corporate Law : Employees’ Provident Fund- Contribution Rate The EPF & MP Act, 1952 was enacted by Parliament and came into force with e...
Corporate Law : Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations....
Corporate Law : Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees' Provident Fund (EPF) and Employee Deposit Linke...
Corporate Law : Salient Features of Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976 ♦ Maximum assured benefit up to Rs. 7 lakh ...
Corporate Law : Ministry of Labour and Employement (Government of India) Salient Features of Employees’ Deposit Linked Insurance (EDLI) Sche...
Corporate Law : Prime Minister’s Office Government announces further measures to help families who lost the earning member due to Covid Fami...
Corporate Law : Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing. Amendm...
Corporate Law : EDLI Scheme amendment revises assurance benefits for deceased employees’ nominees, effective retrospectively from April 28, 2024...
Corporate Law : EPFO constituted committees for drafting schemes under Social Security Code 2020. This article provides details of committees and ...
Corporate Law : Even where an employee has died while in service, some offices are rejecting the claims saying that the contribution was not recei...
Corporate Law : It has been observed that various proposals regarding grant of exemption/ extension of Exemption from EDLI Scheme - 1976 have been...
Corporate Law : The maximum assurance benefit payable under paragraph 22(3) of EDLI Scheme has been enhanced to Rs. 7 lakh from earlier maximum be...
Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing. Amendment approved in Employees’ Deposit Linked Insurance Scheme, to enhance maximum assurance benefit to Rs. 7 lakh from the present benefit of Rs. 6 lakh
Employees’ Deposit Linked Insurance (Amendment) Scheme 2018. The Gazette notification G.S.R. No. 170 (E) on assurance benefits shall not be less than two lakhs and fifty thousand rupees under para 22 (3) of EDLI Scheme, 1976 dated 15-02-2018- Reg.
Employees’ Provident Fund- Contribution Rate The EPF & MP Act, 1952 was enacted by Parliament and came into force with effect from 4th March, 1952. A series of legislative interventions were made in this direction, including the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. Presently, the following three schemes are in operation under the […]
(1) This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2017. (2) It shall come into effect from the date of its publication in the Official Gazette.
The expenditure incurred in administering the Employees’ Provident Fund is met from the administrative and inspection charges collected from the employers of un-exempted and exempted establishments respective
Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme.
Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations. To ease out the hindrances and protect the interest of cross border workers of India and Japan, India has signed social security agreement (SSA) with Japan w.e.f. Oct 1, 2016.
Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees’ Provident Fund (EPF) and Employee Deposit Linked Insurance (EDLI) Scheme
On the death of an employee, who is a member of the Fund or of a provident fund exempted under Section 17 of the Act, as the case may be, the persons entitled to receive the provident fund accumulations of the deceased shall, in addition to such accumulations be paid an amount, equal to the average balance in the account of the deceased in the Fund or of a provident fund exempted under section 17 of the Act, as the case may be, during preceding twelve months or during the period of his membership, whichever is less, except where the average balance exceeds rupees fifty thousand, the amount payable shall be rupees fifty thousand plus 40% of the amount in excess of rupees fifty thousand subject to a ceiling of rupees one lakh
