This act establishes a fund to finance and conduct activities that promote the welfare of labour in the state of Karnataka. Employees, employers, and the State Government contribute in a 6:12:6 ratio per employee per annum. A separate board, made up of employer, employee, and state representatives, oversees the fund.
Ready Reckoner
Particulars
Details
Frequency
Yearly
Date of Deduction
31 December
Returns Due
15 January
Contribution Rates
Contributor
Amount
Employee
₹20
Employer
₹40
Total
₹60
Applicability
Applies to any establishment or employer employing fifty or more persons
Covers all employees engaged for wages to do skilled, unskilled, manual, or clerical work
Covered establishments: factories, motor omnibus 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
Applies only to employees doing skilled or unskilled, manual or clerical work — not applicable to supervisors, managers, or other officers
