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LWF Calculation by Intellipayroll

Labour welfare fund is a statutory contribution managed by individual state authorities. Labour welfare refers to all the facilities provided to labor in order to improve their working conditions.

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LWF Calculation by Intellipayroll

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  1. LWF Calculation by Intellipayroll Labour welfare refers to all the facilities provided to labor in order to improve their working conditions, provide social security and raise their standard of living. Majority of labour force in India is working in unorganized sector. In order to provide social security to such workers, Government has introduced Labour Welfare Fund to ensure assistance to unorganized labours. Labour welfare fund is a statutory contribution managed by individual state authorities. The state labour welfare board determines the amount and frequency of the contribution. The contribution and periodicity of remittance differs with every state. In some states the periodicity is annual (Andhra Pradesh, Haryana, Karnataka, Tamil Nadu etc) and in some states it is to be contributed during the month of June & December (Gujarat, Madhya Pradesh, Maharashtra etc). The contribution to LWF fund by the employee is Rs. 6 for salary upto Rs. 3000 and Rs. 12 for salary above Rs. 3000. Employer contribution is double than that of the employee. LWF is not applicable to those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month. LWF is to be deposited in the month of June and December only.

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