Dear Mr. Suresh,
Kindly clarify for the Union Territory like Daman, Diu, Silvassa, Dadra.
In short, for one employee:
Rs 3*6 = 18 for the employee.
For the employer: 6*6 = 36.
So, the total amount is 54 for 6 months. Is that the correct figure?
Can we deposit the same amount on a yearly basis?
With Regards,
Amit Nag
Dear friend,
The calculation you showed does not consider monthly submissions when you submit the LWF annually or half-yearly. In the last month, for example, if you submit in January, you should consider the December salary. If there are 50 employees:
In the December salary, the employee deduction is only Rs. 3 per person for one cover LWF.
Based on this, Rs. 3 * 50 = 150 (Employee)
Employer contribution: Rs. 6 * 50 = 300 (Employer)
The total amount is 450. You should pay by cheque, accompanied by a cover letter when submitting.
Thanks & Regards,
Chandra Shekar.N
9901032479