Labour Welfare Fund

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A social security program called the Labour Welfare Fund (LWF) attempts to help workers in India's organized sector. Workers in specific industries, such as those employed in factories, plantations, mines, construction sites, and other facilities, are eligible for the fund, which is controlled by state governments. The LWF aims to support employees in a variety of ways, including by supplying financial aid in the event of an illness, disability, or pregnancy and by providing other social services like housing, healthcare, and educational opportunities. 😊

The rates of contribution for both employees and employers differ from state to state. Due date as well differ from state to state in India. The due date, penalty, and all applicable state rates of contribution are all provided by Praans Consultech.

 

The LWF requires employers to make contributions on behalf of their staff members. The monies received from the contribution, which is often a small portion of the employee's salary, are utilized for worker welfare. Employers must adhere to the laws in the state where their establishment is located because the LWF's exact contribution rate and rules differ from state to state.

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