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 : The authority clarified that Saturdays, Sundays, and holidays between two EPF-covered employments cannot be treated as a break in ...
Corporate Law : EPFO's campaign (Nov 2025–Apr 2026) allows employers to enroll employees missed from 2017 to 2025. Pay only employer's share and...
Corporate Law : The EDLI Scheme, 1976 is amended with a special provision for the Enrolment Campaign, setting a lump-sum damage of 100 for default...
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 ...
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
