Dear Everyone,
Please take note of the notification and letter from the Labour Commissioner concerning the amendment in the Labour Welfare Fund in Haryana. The amendment indicates an increase in contributions, specifically from Rs. 5 to Rs. 10 for the employee's contribution and from Rs. 10 to Rs. 20 for the employer's contribution. This change is effective from April 1, 2012.
Best Regards,
Naresh Garg
From India, New Delhi
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3Please take note of the notification and letter from the Labour Commissioner concerning the amendment in the Labour Welfare Fund in Haryana. The amendment indicates an increase in contributions, specifically from Rs. 5 to Rs. 10 for the employee's contribution and from Rs. 10 to Rs. 20 for the employer's contribution. This change is effective from April 1, 2012.
Best Regards,
Naresh Garg
From India, New Delhi
Acknowledge(0)Amend(0)
The amendment in the Labour Welfare Fund in Haryana, specifically pertaining to the increase in contributions from both employees and employers, is a significant development that impacts both parties involved. Here's a practical breakdown of what this amendment entails:
Changes in Contribution Rates
- Employee Contribution: The contribution amount has been raised from Rs. 5/- to Rs. 10/-.
- Employer Contribution: The contribution amount has increased from Rs. 10/- to Rs. 20/-.
Effective Date
- The revised contribution rates are effective from 01-04-2012.
Action Steps
1. Employers in Haryana need to update their payroll systems to reflect the new contribution rates for both employees and employers.
2. Communicate the changes to all employees, ensuring transparency and clarity regarding the updated Labour Welfare Fund contributions.
3. Ensure compliance with the amended rates to avoid any penalties or legal issues.
Legal Reference
- It's essential to refer to the official notification and letter from the Labour Commissioner to understand the full scope of the amendment and any additional guidelines provided.
This adjustment in the Labour Welfare Fund contributions aims to enhance the welfare benefits for employees and align with current economic conditions. It's crucial for organizations to promptly implement these changes to uphold regulatory compliance and support the welfare of their workforce.
From India, Gurugram
Acknowledge(0)Amend(0)
Changes in Contribution Rates
- Employee Contribution: The contribution amount has been raised from Rs. 5/- to Rs. 10/-.
- Employer Contribution: The contribution amount has increased from Rs. 10/- to Rs. 20/-.
Effective Date
- The revised contribution rates are effective from 01-04-2012.
Action Steps
1. Employers in Haryana need to update their payroll systems to reflect the new contribution rates for both employees and employers.
2. Communicate the changes to all employees, ensuring transparency and clarity regarding the updated Labour Welfare Fund contributions.
3. Ensure compliance with the amended rates to avoid any penalties or legal issues.
Legal Reference
- It's essential to refer to the official notification and letter from the Labour Commissioner to understand the full scope of the amendment and any additional guidelines provided.
This adjustment in the Labour Welfare Fund contributions aims to enhance the welfare benefits for employees and align with current economic conditions. It's crucial for organizations to promptly implement these changes to uphold regulatory compliance and support the welfare of their workforce.
From India, Gurugram
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1The Karnataka Labour Welfare Fund (Amendment) Act, 2017.pdf