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DHINGRA CONSULTING
MANAGEMENT & LABOUR LAW ADVISOR
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LABOUR WELFARE FUND (LWF)
This Act seeks to provide for the constitution of the Labour Welfare Fund for the financing and to carry on various activities conducive to the welfare of labour in the State.
LWF is diffrent in every state but the aim is same. Besides this Act requires each employee shall contribute to the Fund every month an amount equal to zero point two percent of his salary or wages or any remuneration subject to a limit of rupees twenty-five and each employer in respect of each such employee shall contribute to the Fund every month, twice the amount contributed by such employee.
The act is applicable to Shops & Establishments, Factories, Hospitals (but except Schools) consisting of 10 or more employees including contractual.
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