1. What is EDLI Calculator Means In Hindi?

Definition: This calculator estimates the Employees' Deposit Linked Insurance (EDLI) amount based on average salary.

Purpose: It helps employees and employers understand the insurance coverage under the EDLI scheme.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( EDLI \) — Employees' Deposit Linked Insurance amount ($)
• \( \text{Avg Salary} \) — Average monthly salary ($/month)

Explanation: The average salary is multiplied by 35 to calculate the EDLI amount as per standard regulations.

3. Importance of EDLI Calculation

Details: EDLI provides life insurance protection to employees covered under the Employees' Provident Fund (EPF) scheme.

4. Using the Calculator

Tips: Enter the average monthly salary in dollars. The value must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: What does EDLI stand for?
A: EDLI stands for Employees' Deposit Linked Insurance.

Q2: Why is the multiplier 35?
A: The multiplier of 35 is as per the standard calculation method defined in the EDLI scheme.

Q3: Is there a maximum limit for EDLI?
A: Yes, there is usually a maximum limit set by the governing authority.

Q4: Who is eligible for EDLI?
A: All employees covered under the EPF scheme are automatically covered under EDLI.

Q5: How is average salary calculated?
A: Average salary is typically calculated based on the last 12 months' salary.