The Madhya Pradesh Labour Welfare Fund Act and Rules establish a fund to finance and conduct activities that promote the welfare of labour in the state. Both employees and employers contribute to these welfare schemes. A separate board — made up of representatives from employers, employees, and the state government — oversees the fund.
Ready Reckoner
Particulars
Details
Frequency
Half Yearly
Date of Deduction
30 June and 31 December
Returns Due
15 July and 15 January
Contribution Rates
Contributor
Amount
Employee
₹10
Employer
₹30
Total
₹40
Applicability
Applies to any establishment or employer employing one or more persons
Covers all employees drawing wages above ₹10,000 per month, except those in a managerial or supervisory capacity
