The full form of LWF is Labor Welfare Fund. What is the meaning of LWF? How is LWF calculated on salary? What is LWF deduction? Empower Your Workforce with Next-Gen HR Tech Name Company Name Business Email Country Code Phone Number Number of Employees Discover the Best HRMS Back...
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 ...
or monthly. The frequency may vary depending on country-specific law. If the frequency is semi-annual, the deduction period is further divided into two consecutive periods on the date specified by national law. The employer must deduct from the employee's salary and submit it in the prescribed...