https://www.taxtmi.com/acts?id=54700 Death-linked assurance benefits under the Employees' Deposit-Linked Insurance Scheme are paid to the persons entitled to receive provident fund accumulations, based on the deceased employee's average balance, wages, and prescribed ceilings. The scheme provides a minimum assurance benefit, includes employee and employer contributions with interest in calculating the average balance, and treats the relevant twelve-month period as running backwards from the month preceding death. For continuous service cases, the higher of the wage-linked formula and the ordinary balance-based benefit applies, with gaps of up to sixty days ignored for continuity. en-us Sat, 04 Jul 2026 12:53:42 +0530 Mon, 06 Jul 2026 16:22:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54700 Death-linked assurance benefits under the Employees' Deposit-Linked Insurance Scheme are paid to the persons entitled to receive provident fund accumulations, based on the deceased employee's average balance, wages, and prescribed ceilings. The scheme provides a minimum assurance benefit, includes employee and employer contributions with interest in calculating the average balance, and treats the relevant twelve-month period as running backwards from the month preceding death. For continuous service cases, the higher of the wage-linked formula and the ordinary balance-based benefit applies, with gaps of up to sixty days ignored for continuity. Act-Rules Labour laws Sat, 04 Jul 2026 12:53:42 +0530 https://www.taxtmi.com/acts?id=54700