Labour welfare fund contribution slab 2022 tamil nadu
Labour welfare fund contribution slab 2022 tamil nadu was revised with effective from 2nd December. The Government of Tamil Nadu, vide Notification G.O.MS.No. 161, revised the rate of contribution, under the Tamil Nadu Labour Welfare Fund Act, 1972, to twenty rupees for employees and forty rupees for employers, effective from 2nd December 2022.
|Employee Contribution||Employer Contribution||Total Contribution||Compliance Date|
|Rs.20/-||Rs.40/-||Rs.60/-||31st January Every Year|
The Labour Welfare fund Contribution to be deducted from employee salary in the month of December Every Year.
Please refer to the notification for more details for Labour welfare fund contribution slab 2022 tamil nadu
What is Labour Welfare Fund?
Labour welfare fund is a statutory contribution managed by State Government. 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).
Labour welfare is an aid in the form of money or necessities for those in need. It provides facilities to labourers in order to improve their working conditions, provide social security, and raise their standard of living.
To justify the above statement, various state legislatures have enacted an Act exclusively focusing on welfare of the workers, known as the Labour Welfare Fund Act. The Labour Welfare Fund Act incorporates various services, benefits and facilities offered to the employee by the employer. Such facilities are offered by the means of contribution from the employer and the employee. However, the rate of contribution may differ from one state to another.