Understanding KLWF Contributions: What's Required for Employees and Employers?

Hi everybody,

Could anyone please send the latest KLWF (Karnataka Labour Welfare Fund) contributions for both employees and employers? Also, what is the minimum number of employees required in a company?

Thank you!

New Employee Contribution - Rs. 20
New Employer Contribution - Rs. 40
Total - Rs. 60

Old Employee Contribution - Rs. 6
Old Employer Contribution - Rs. 12
Total - Rs. 18

Eligibility: Any establishment, including a society registered under the Societies Registration Act, 1860, and charitable or other trust, which carries on any business or trade or any work connected therewith or ancillary thereto and has been employing on any working day during the preceding twelve months more than twenty persons;

Any benefit for employees for giving the Labour Welfare Fund contribution?

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There are several benefits for employees when contributing to the Labour Welfare Fund. Some of the common benefits include access to financial assistance during times of need, such as medical emergencies, education expenses, or housing loans. Additionally, contributing to the fund can also provide employees with a sense of security knowing that they have a safety net in place for unforeseen circumstances. Furthermore, participation in the fund demonstrates a company's commitment to employee well-being and can enhance morale and loyalty within the workforce. It is important for employees to understand the advantages of contributing to the Labour Welfare Fund to fully leverage the benefits it offers.