Labour Welfare Fund :
Karnataka
Act Information
Act:The Karnataka Labour Welfare Fund Act, 1965
Rule:The Karnataka Labour Welfare Fund Rules, 1968
Applicability:Any commercial establishment and shops employing more than 50 or more employees fall under this act. Its enforcement is overseen by the Labour Commissioner.
Exemption:Part timers or apprentices and Managerial staff.
Authority:Labour Welfare Fund Commissioner
Interest:10% on every late payment
Penalty:13% per annum on every late payment
Labour Welfare Fund Contribution
Category:To all Employees except part timers or apprentices and Managerial staff.
Employee:50
Employer:100
Total:150
Deduction Date:31 December
Return Submission:15 January