How Does the New Wage Amendment in Tamil Nadu Affect You? Let's Discuss!

The recent amendment to the Tamil Nadu Labour Welfare Fund Act, 1972, specifically focuses on the revision in the qualifying threshold for drawing wages. The amendment replaces the previous limit of "draws wages exceeding three thousand and five hundred rupees per mensem" with a new threshold of "draws wages exceeding fifteen thousand rupees per mensem." This change indicates a significant increase in the wage limit for eligibility under the welfare fund.

This amendment is crucial for employers and employees in Chennai, India, as it impacts the scope of coverage and contributions to the Labour Welfare Fund. Employers need to ensure compliance with the revised wage threshold to accurately calculate and contribute to the fund on behalf of eligible employees. Additionally, employees falling within the revised wage bracket now qualify for the benefits provided under the fund, emphasizing the importance of understanding and adhering to these updated regulations.

For further detailed information and legal implications, it is advisable to refer directly to the Tamil Nadu Labour Welfare Fund Act, 1972, to gain a comprehensive understanding of the revised provisions and their implications on both employers and employees in the region.

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