TaxTMI 
TaxTMI 
Scales of assurance benefit and minimum average balance maintained by employee
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....ted under section 143 of the Code, as the case may be, the person/(s) 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 during preceding twelve months or during the period of his membership, whichever is less, except where the....
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....y employee, the sum total of contributions by the employee and the employer, due for and up to the relevant period, whether paid or unpaid in the Fund or in the Provident Fund exempted together with interest thereon, shall be included. Explanation 2. - The period of twelve months for calculation of benefits under this scheme shall be computed backwards from the month preceding the month in whic....
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....accumulations to be paid an amount, equal to: - (i) the average monthly wages drawn (subject to a maximum of the wage ceiling notified by the Central Government), during the twelve months preceding the month in which he died, multiplied by thirty-five times plus fifty per cent. of the average balance in the account of the deceased in the fund or of a Provident Fund exempted under section ....
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....r of a Provident Fund exempted under section 143 of the Code, as the case may be, who was serving in more than one factory or establishment for a continuous period of twelve months, preceding the month in which he died, the quantum of benefit under this scheme shall be determined with reference to the average wage of the aggregate of all the wage wherever he was continuously working for more than ....