Labour Welfare Fund :
Punjab
Act Information
Act:The Punjab Labour Welfare Fund Act, 1965.
Rule:The Punjab Labour Welfare Fund Rules, 1966
Applicability:Any commercial establishment, factories and shops employing more than 1 or more employees fall under this act. Its enforcement is overseen by the Labour Commissioner.
Exemption:Part timers or apprentices and Managerial staff
Autority: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:5
Employer:20
Total:25
Deduction Date:—
Return Date:—