Tuesday, 7 August 2018

Labour Welfare Fund - Karnataka Labour Welfare Fund

Labour welfare fund is a statutory contribution managed by state authorities, objective is to provide social security, facilities and improve working conditions of labourers. Every state labour welfare board determines the amount and frequency of payments. The contribution and amount differ from state to state. Employer has to make deduction from the salary of employees and submit to Labour welfare fund board of concern state in prescribed forms as per schedule. 

For Karnataka state it is the Karnataka Labour welfare fund rules 1968.

Collection of Contribution Fund:  
Employee Contribution *
20
The payments to the fund may be made through SBI account No.30428019173 and the same bank slip (ie., Challan) along with Form-D of the Board send

To, 
The Welfare Commissioner, Karnataka Labour Welfare Board, Karmika Kalyana Bhavana, 2nd Floor, Mathikere Main Road (Near R.T.O. office), Yeshwanthpur,Bangalore-22.  Ph: 23475188,42848888 
Employer contribution
40
Total
60

Also employer is required to deposit the unpaid accumulations like unpaid bonus, Wages after three years of their becoming due. and penalty and fines are to be paid immediately
*Employee contribution to be deducted whose name is stands in the register of the establishments on 31st December of the year.

Contribution period: once in a year. (December)

Submission due date: 15th of January

For more details visit following links:
  1. Form D - /Form D
  2. Benefits schemes under KLWF - //Schemes
  3. KLWF Gazette Notification - KLWF/Notification


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