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.
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 |