Dear All,
I have a doubt on LWF Contribution. Do only employees available on the payroll of December need to be considered for LWF contribution? Or should any employee available in the Calendar Year, even if not on the payroll of December, also be considered for Cumulative Contribution?
If the latter is correct, please provide the reference as well.
Thanks,
P. Thillai Natarajan
From India, Siuri
I have a doubt on LWF Contribution. Do only employees available on the payroll of December need to be considered for LWF contribution? Or should any employee available in the Calendar Year, even if not on the payroll of December, also be considered for Cumulative Contribution?
If the latter is correct, please provide the reference as well.
Thanks,
P. Thillai Natarajan
From India, Siuri
LWF payment in December 2016 will be useful for employees to avail the benefits in the CY 2017, i.e., from January 2017 to December 2017.
As each and every time, for all the benefits, the employee should get a certificate from the employer. Therefore, the employees who have left can't avail the benefits. So, logically, you should consider only the current employees in the month of December for LWF payment.
From India, Chennai
As each and every time, for all the benefits, the employee should get a certificate from the employer. Therefore, the employees who have left can't avail the benefits. So, logically, you should consider only the current employees in the month of December for LWF payment.
From India, Chennai
CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.