Schedule Demo

Labour Welfare Fund (LWF) Act(Karnataka)

This Act provides for the constitution of a fund to finance and conduct activities aimed at promoting the welfare of labor in the State of Karnataka. Under the Act, the employee, employer, and State Government are required to contribute at a ratio of 6:12:6, respectively, per employee per annum. A separate board is constituted for this purpose under the Act, consisting of members from employers, employees, and state representatives.

RULES:

Any establishment/employer employing one or more persons

All employees, except those working in part-time positions, apprentices, and managerial positions

FREQUENCY YEARLY
DATE OF DEDUCTION 31 December
RETURNS 15 January
Employee Employer Total
Contribution ₹ 20 ₹ 40 ₹ 60