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:
- Form D - /Form D
- Benefits schemes under KLWF - //Schemes
- KLWF Gazette Notification - KLWF/Notification
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