The Punjab Labour Welfare Fund Act 1965
The Punjab Labour Welfare Fund Act, 1965 is an Act to provide for the constitution of a Fund for financing activities that promote the welfare of labour in the State of Punjab, and for conducting such activities and certain other purposes.
Ready Reckoner
| Frequency | Monthly |
| Date of Deduction | Last day of the month |
| Returns | 15 April and 15 October |
| Employee | Employer | Total | |
|---|---|---|---|
| Contribution | ₹5 | ₹20 | ₹25 |
RULES:
- Any Establishment/Employer employing 20 or more persons
- All employees employed for hire or reward to do any work, skilled or unskilled, manual or clerical, in an establishment
Last updated on: 02 July 2021
Applicability
The Punjab Labour Welfare Fund Act, 1965 extends to the entire state of Punjab.