Labour Welfare Fund
I have Attached Labour Welfare Fund
The Mumbai Labour Welfare Fund Act, 1953.
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APPLICABILITY:
The Act is applicable to factories & establishment covered under shop & establishment act employing 5 or more employees.
CONTRIBUTION:
Contribution is to be deducted from the salary of employees Twice in a year i.e. June & December every year at following rates:
Employee’s contribution
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Employer’s contribution
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Rs.6.00 each employee to be deducted once in six months drawing up to Rs.3000/- & Rs.12.00 above Rs.3000/- |
Rs.18.00 each employee to be paid by employer once in six months drawing up to Rs.3000/- & Rs.36.00 above Rs.3000/- |
(Excluding manager & person working as a supervisor drawing salary above Rs.3500/-p.m.) |
(Excluding manager & person working as a supervisor drawing salary above Rs.3500/-p.m.) |
(The above new rates are effective from December 2000 onwards as per circular dated 7/1/2002 issued by MLWF Dept.) Both the above contributions are to be remitted to the Welfare Commissioner, Kamgar Krida Maidan, Mumbai.
DUE DATES FOR PAYMENT:
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For 30 th June ending
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on or before 15 th July
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For 31 st December ending
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on or before 15 th January
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OTHER PAYMENTS PAYABLE TO MLWF:
Any dues payable to any employee/s remains unpaid for more than 3 years has to be deposited to Maharashtra Labour Welfare Board with in such time as prescribed under the Act. |
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Fund, Labour, Welfare
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