The Karnataka Labour Welfare Fund Act, 1965
This Act provides for the constitution of a fund for financing and conducting activities to promote the welfare of labour in the State of Karnataka. Under the Act, the employee, employer, and State Government contribute at the rate of 6:12:6 respectively, per employee per annum. A separate board, made up of members from employers, employees, and state representatives, is constituted for this purpose.
Ready Reckoner
| Frequency | Yearly |
| Date of Deduction | 31 December |
| Returns | 15 January |
| Employee | Employer | Total | |
|---|---|---|---|
| Contribution | ₹20 | ₹40 | ₹60 |
RULES:
- Any Establishment/Employer employing 50 or more persons
- Applies to all employees employed for wages to do skilled, unskilled, manual, or clerical work in an establishment
Last updated on: 02 July 2021
Compliances
Applicability
- Factories, Motor Omni Bus Services, Plantations, and Workshops.
- Shops and Commercial Establishments, Charitable Trusts, and Societies registered under the Karnataka Societies Registration Act, 1960, that employed more than fifty persons on any working day during the preceding twelve months.
- Applicable only to employees doing skilled or unskilled, manual or clerical work. It doesn't apply to Supervisors, Managers, and other Officers.
References
- Bare Act
- Restoration of Earlier Contribution Rates Under LWF in Karnataka - 01 Dec 2020
- Clarification on Rates of LWF Contribution for the Year 2020 Under the Karnataka LWF Act, 1965 - Dec 2020
- Extension of Time Limit to Deposit Labour Welfare Fund Contribution - 15 Jan 2021
- Further Extension of Time Limit to Deposit Labour Welfare Fund Contribution - 30 Jan 2021