Labour Welfare Fund :
Odisha
Under Odisha Labour Welfare Fund Act, 2010, all factories, motor transport undertakings and commercial establishments employing five or more persons are required to make annual contribution towards welfare of workers. The non-managerial staff contribute a flat rate of ₹20.00 and the employers contribute a matching share of ₹40.00, making the total annual remittance ₹60.00 per worker. Those liabilities are computed as of the statutory effective date of December 31st. The last electronic submission and payment by digital means is due no later than January 31 of the following year, to avoid being penalized for interest by the state board.
Act Information
Act:The Orissa Labour Welfare Fund Act, 1996
Rule:Odisha Labour Welfare Fund, Rule, 2005
Applicability:Any commercial establishment, factories and shops employing more than 20 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:20
Employer:40
Total:60
Deduction Date:30 June and 31 December
Return Submission:15 July and 15 January