Effective Date

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Acts

 Gazette Notifications

Released Date: 24th May, 2016

Central

Employees Provident Fund And Miscellaneous Provisions Act, 1952

As per G.S.R.543 (E) released on 24th May 2016, EDLI benefit is now the average monthly wages drawn (subject to a maximum of fifteen thousand rupees), during the twelve months preceding the month in which the employee died, multiplied by thirty times plus fifty percent of the average balance in the account of the deceased in the Fund or of a provident fund exempted under section 17 of the Act or under paragraph 27 or 27 A of the Employees Provident Funds Scheme, 1952, as the case may be, during preceding twelve months or during the period of his membership, whichever is less, subject to a ceiling of one lakh and fifty thousand rupees, subject to a total ceiling of six lakh rupees

Effective Date: 24th May, 2016

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