Here is the case of my mother, who was diagnosed with cancer in july 2021 after which she had to go on continuous medical leave, however she was declared cancer free in march 2022, post her chemotherapies by doctor. She resumed her duties in april 2022, but her cancer relapsed again and from july 2022 she had to go on leave again. In jan 2023, she died.
Now for her edli, in the past 12 months, she had only received salary for 3 months, i.e. from apr 2022 to june 2022. Her basic+Da was = 65k. Now as per her, her edli amount should be like this --->
Average monthly salary = (65000*3)/12 = 16250 = max 15k
Edli = 35 x avg monthly salary(15k) + 1.75 bonus and hence 7 lakhs
However we just received 3 lakhs as edli office capped monthly wage to 15k instead capping average monthly salary to be 15k
They considered salary for april, may and june month to be 15000 each
Hence as per them calculation is
Avg month salary =(15k x 3) / 12 = 3750
Edli = 3750 x 35 + 1.75 lakhs
I want to verify whether monthly salary is capped at 15000 or average monthly salary. Because in latter our average monthly salary will be 16250, taking max of 15000. Which will get 4 more lakhs of money.
Also besides pf, pension and edli, is there any other benefit that we can claim incase of death?
From India, New Delhi
1Now for her edli, in the past 12 months, she had only received salary for 3 months, i.e. from apr 2022 to june 2022. Her basic+Da was = 65k. Now as per her, her edli amount should be like this --->
Average monthly salary = (65000*3)/12 = 16250 = max 15k
Edli = 35 x avg monthly salary(15k) + 1.75 bonus and hence 7 lakhs
However we just received 3 lakhs as edli office capped monthly wage to 15k instead capping average monthly salary to be 15k
They considered salary for april, may and june month to be 15000 each
Hence as per them calculation is
Avg month salary =(15k x 3) / 12 = 3750
Edli = 3750 x 35 + 1.75 lakhs
I want to verify whether monthly salary is capped at 15000 or average monthly salary. Because in latter our average monthly salary will be 16250, taking max of 15000. Which will get 4 more lakhs of money.
Also besides pf, pension and edli, is there any other benefit that we can claim incase of death?
From India, New Delhi
Hi Prashansag
Regarding the calculation of EDLI (Employees' Deposit Linked Insurance) benefit, it's essential to refer to the specific policies and regulations of the Employees' Provident Fund Organization (EPFO) in your country. The rules can vary from one jurisdiction to another.
Based on the information you provided, there seems to be a discrepancy in the calculation. If the EDLI benefit is based on the average monthly salary, then your calculation of 16,250 INR seems correct. However, if the EDLI benefit is capped at 15,000 INR per month, then the calculation provided by the office would apply.
To resolve this, I recommend contacting the EPFO or consulting with a legal or financial advisor who is familiar with the specific rules in your jurisdiction. They will be able to provide accurate advice based on the applicable laws.
Regarding other benefits that may be claimable in case of death, this can also vary depending on the jurisdiction and the specific policies of your mother's employer. Some possible benefits to explore may include:
Life Insurance: Your mother may have had a separate life insurance policy through her employer or privately.
Gratuity: In some cases, a lump sum amount called gratuity may be payable to the nominee or legal heir in the event of an employee's death.
Family Pension: Some employers offer a pension scheme that provides for a monthly pension to the surviving spouse or dependent family members.
Accumulated Leave Encashment: If your mother had accumulated paid leave, this may be paid out to her legal heirs.
Other Employee Benefits: Depending on the specific policies of her employer, there may be other benefits or compensation packages applicable in case of an employee's death.
Again, it's crucial to consult with a professional who is familiar with the specific laws and regulations in your jurisdiction to ensure that you are aware of all potential benefits and how to go about claiming them.
Regards,
From India, Bangalore
Regarding the calculation of EDLI (Employees' Deposit Linked Insurance) benefit, it's essential to refer to the specific policies and regulations of the Employees' Provident Fund Organization (EPFO) in your country. The rules can vary from one jurisdiction to another.
Based on the information you provided, there seems to be a discrepancy in the calculation. If the EDLI benefit is based on the average monthly salary, then your calculation of 16,250 INR seems correct. However, if the EDLI benefit is capped at 15,000 INR per month, then the calculation provided by the office would apply.
To resolve this, I recommend contacting the EPFO or consulting with a legal or financial advisor who is familiar with the specific rules in your jurisdiction. They will be able to provide accurate advice based on the applicable laws.
Regarding other benefits that may be claimable in case of death, this can also vary depending on the jurisdiction and the specific policies of your mother's employer. Some possible benefits to explore may include:
Life Insurance: Your mother may have had a separate life insurance policy through her employer or privately.
Gratuity: In some cases, a lump sum amount called gratuity may be payable to the nominee or legal heir in the event of an employee's death.
Family Pension: Some employers offer a pension scheme that provides for a monthly pension to the surviving spouse or dependent family members.
Accumulated Leave Encashment: If your mother had accumulated paid leave, this may be paid out to her legal heirs.
Other Employee Benefits: Depending on the specific policies of her employer, there may be other benefits or compensation packages applicable in case of an employee's death.
Again, it's crucial to consult with a professional who is familiar with the specific laws and regulations in your jurisdiction to ensure that you are aware of all potential benefits and how to go about claiming them.
Regards,
From India, Bangalore
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