Section 6C of EPFMA : Section 6C: Employees' Deposit-Linked Insurance Scheme
EPFMA
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Explanation using Example
Let's say that Priya is an employee at a software development firm, XYZ Pvt. Ltd., which is covered under The Employees Provident Funds and Miscellaneous Provisions Act, 1952. As per Section 6C of the Act, the Central Government has introduced the Employees' Deposit-linked Insurance Scheme (EDLI).
In this scenario, XYZ Pvt. Ltd., as Priya's employer, is required to contribute a specified percenta...
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