Can anyone help me with the calculation of the labor welfare fund? Well, I know the basic rates which are as follows: Employees' Contribution: 0.75 paise Employer Contribution: 2.25 paise
Calculation of Labor Welfare Fund Contribution
I just want to know how to calculate the labor welfare fund contribution of employees if we have 205 staff employees (excluding supervisory and managerial grades) in a particular month, say January 2011?
Regards,
Rohit Singh
Radisson Blu Hotel
From India, New Delhi
Calculation of Labor Welfare Fund Contribution
I just want to know how to calculate the labor welfare fund contribution of employees if we have 205 staff employees (excluding supervisory and managerial grades) in a particular month, say January 2011?
Regards,
Rohit Singh
Radisson Blu Hotel
From India, New Delhi
Can anyone help me with the calculation of the labor welfare fund?
Contribution Rates
Well, I know the basic rates which are as follows:
- Employees' Contribution: 0.75 paise * 205
- Employer Contribution: 2.25 paise * 205
Please confirm the rate of contribution.
I just want to know how to calculate the labor welfare fund contribution of employees if we have 205 staff employees (excluding supervisory & managerial grades) in a particular month, for example, January 2011?
Regards,
Rohit Singh
Radisson Blu Hotel
From India, Pune
Contribution Rates
Well, I know the basic rates which are as follows:
- Employees' Contribution: 0.75 paise * 205
- Employer Contribution: 2.25 paise * 205
Please confirm the rate of contribution.
I just want to know how to calculate the labor welfare fund contribution of employees if we have 205 staff employees (excluding supervisory & managerial grades) in a particular month, for example, January 2011?
Regards,
Rohit Singh
Radisson Blu Hotel
From India, Pune
Hi, It depends on state to state . And let me tell you in haryana it is 5/- from employee side and 10/- from employer side. the amount is fixe by state government. Regards
From India, Ghaziabad
From India, Ghaziabad
Dear Ms. Pooja, Thank you for your reply. I am aware that it varies from state to state. As you mentioned, we are required to multiply the rate by the number of employees. How does this apply to the concept of every 6 months?
Delhi Labour Welfare Rate Clarification
In terms of the Delhi Labour welfare rate, it is 0.75 paisa for employees and 2.25 paisa for employers for every 6 months. Could you please clarify the significance of the 6-month period and explain how to proceed accordingly?
Thank you for your assistance.
Regards,
Rohit Singh
Radisson Blu Hotel
From India, New Delhi
Delhi Labour Welfare Rate Clarification
In terms of the Delhi Labour welfare rate, it is 0.75 paisa for employees and 2.25 paisa for employers for every 6 months. Could you please clarify the significance of the 6-month period and explain how to proceed accordingly?
Thank you for your assistance.
Regards,
Rohit Singh
Radisson Blu Hotel
From India, New Delhi
Labor Welfare Fund Contribution Calculation
Rs. 0.75 paise x Number of employees as of 30th June of every year as per the register of establishment (Employee Share).
Rs. 2.25 paise x Number of employees as of 30th June of every year as per the register of establishment (Employer Share).
To be deposited by 15th July of every year.
Rs. 0.75 paise x Number of employees as of 31st December of every year as per the register of establishment (Employee Share).
Rs. 2.25 paise x Number of employees as of 31st December of every year as per the register of establishment (Employer Share).
To be deposited by 15th January every year.
Regards,
Manoj Lakra
From India, Bhagalpur
Rs. 0.75 paise x Number of employees as of 30th June of every year as per the register of establishment (Employee Share).
Rs. 2.25 paise x Number of employees as of 30th June of every year as per the register of establishment (Employer Share).
To be deposited by 15th July of every year.
Rs. 0.75 paise x Number of employees as of 31st December of every year as per the register of establishment (Employee Share).
Rs. 2.25 paise x Number of employees as of 31st December of every year as per the register of establishment (Employer Share).
To be deposited by 15th January every year.
Regards,
Manoj Lakra
From India, Bhagalpur
Employee Count for Welfare Fund Calculation
"Number of employees as on 30th June of every year"?
It means the total number of employees from January to June would be taken if we are calculating for 6 months. As you might have known, we need to calculate the half-yearly welfare fund.
Then, the total number of employees would be the addition of, e.g., 201 + 203 + 200 + 198 + 197 + 206 (January to June). Is that correct?
Do we need to calculate the monthly fund or as of 30th June (if we are submitting a half-yearly fund)?
Can you please give me an example of the calculation of the welfare fund if we are having the above-said number of employees (Staff Category)?
Awaiting your reply.
Regards,
Rohit Singh
From India, New Delhi
"Number of employees as on 30th June of every year"?
It means the total number of employees from January to June would be taken if we are calculating for 6 months. As you might have known, we need to calculate the half-yearly welfare fund.
Then, the total number of employees would be the addition of, e.g., 201 + 203 + 200 + 198 + 197 + 206 (January to June). Is that correct?
Do we need to calculate the monthly fund or as of 30th June (if we are submitting a half-yearly fund)?
Can you please give me an example of the calculation of the welfare fund if we are having the above-said number of employees (Staff Category)?
Awaiting your reply.
Regards,
Rohit Singh
From India, New Delhi
I understand "Number of employees as on 30th June of every year" means the number of employees on the payroll as of 30th June, say 206. So, Rs. 0.75 paisa x 206 employees = Rs. 155.00. Returns to be submitted in FORM 'A' [See Rule 3(4)].
Regards,
Manoj Larka
From India, Bhagalpur
Regards,
Manoj Larka
From India, Bhagalpur
Thank you for your valuable reply. So, the employee contribution would be Rs. 155.00 (if we have 206 employees under the staff category as of June 30th), and the employer contribution would be Rs. 463.50 (2.25 * 206). There is no need to calculate the fund on a monthly basis.
Example Calculation for Employee Contribution:
- Jan. - 206 * 0.75
- Feb. - 202 * 0.75
- Mar. - 198 * 0.75
- Apr. - 208 * 0.75 (as the number of employees under the staff category will vary monthly)
- May - 212 * 0.75
- Jun. - 207 * 0.75
- TOTAL = Rs. 924.75
Would Rs. 924.75 be the employee contribution, or as of June, i.e., 207 * 0.75 = Rs. 155.25? Please discuss. I am awaiting your reply.
Regards,
Rohit Singh
From India, New Delhi
Example Calculation for Employee Contribution:
- Jan. - 206 * 0.75
- Feb. - 202 * 0.75
- Mar. - 198 * 0.75
- Apr. - 208 * 0.75 (as the number of employees under the staff category will vary monthly)
- May - 212 * 0.75
- Jun. - 207 * 0.75
- TOTAL = Rs. 924.75
Would Rs. 924.75 be the employee contribution, or as of June, i.e., 207 * 0.75 = Rs. 155.25? Please discuss. I am awaiting your reply.
Regards,
Rohit Singh
From India, New Delhi
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