We want to comply with the provisions of Labour Welfare Fund, from this year. We are collecting the details of persons in respect of whom payment has to be made. If we make the payment by cheque now by sending to the the concerned official, are we to add any interest for the delay. or request for waiver on receipt of any Demand from the department. Kindly elucidate with any notification/provisions in this regard.
From India, Mumbai
Pragnaa HR Compliance Services
177

Pragnaa Shree Venture India Pvt. Ltd
Hi,
As per the Tamil Nadu Labour Welfare Fund Act, 1972, the Interest or penalty provision are stated in Section 14, but it is not for delay in contribution of LWF. it is stated for 'Unpaid Accumulations, or fines after notice of demand received.
Hence, if you are going to make the payment for LWF contributions (Rs. 7/- + Rs. 14/-), for the year 2013, you can pay the amount without any penalty.
In case, you are looking for any support, in remittance of payment, please write to us.

From India, Chennai
[email protected]
730

Finance Manager
You can pay the contribution as per the statute of your state without interest, if in the near future there is any demand by notice you can request for the waiver of such penalty/interest.
From India, Ahmadabad
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