The LWF deduction is Rs. 12 for employees drawing a monthly salary of Rs. 3000 and above. Employees who draw a salary of less than Rs. 3000 pay Rs. 6 per month. Such charges could be different in different states because of the respective states’ legal requirements. Need for Auditing ...
Andhra Pradesh, Delhi, Chandigarh, Chhattisgarh, Goa, Daman and Diu, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Tamil Nadu, Telangana, West Bengal Use Case Example: An industrial worker in Maharashtra receives financial aid for his child’s education through the state’...
In some states like Haryana, Andhra Pradesh, Karnataka, and Tamil Nadu, the periodicity is annual, whereas, in some states like Maharashtra, Gujarat, and Madhya Pradesh, it is necessary to donate in June and December. What is the Labor Welfare Fund - LWF? Work welfare is assistance in the...