Labour Welfare Fund has become effective in the year 1953 and is applicable to all the companies in the state that has 5 or more persons employed, who are considered contract labours as per the Act.
Calculation:
Here contribution from an employee is of Rs12/- while the employer contributes Rs.36/-. The total contribution comes to Rs.48/-.
Payable:
The periodicity is 30th June and 31st December. The last date for submission is 15th July and 15th January respectively.
