We want to comply with the provisions of the Labour Welfare Fund from this year. We are collecting the details of persons in respect of whom payment has to be made. If we make the payment by cheque now by sending it to the concerned official, do we need to add any interest for the delay or request a waiver on receipt of any demand from the department? Kindly elucidate with any notification/provisions in this regard.
From India, Mumbai
Acknowledge(0)
Amend(0)
6From India, Mumbai
Acknowledge(0)Amend(0)
As per the Tamil Nadu Labour Welfare Fund Act of 1972, the interest or penalty provisions are stated in Section 14. However, these provisions do not apply to delays in the contribution of LWF. They are specifically for 'Unpaid Accumulations' or fines after receiving a notice of demand.
Therefore, if you are making the payment for LWF contributions (Rs. 7/- + Rs. 14/-) for the year 2013, you can pay the amount without incurring any penalties.
If you require assistance with the remittance of payment, please feel free to write to us.
Thank you.
From India, Chennai
Acknowledge(1)Amend(0)
Therefore, if you are making the payment for LWF contributions (Rs. 7/- + Rs. 14/-) for the year 2013, you can pay the amount without incurring any penalties.
If you require assistance with the remittance of payment, please feel free to write to us.
Thank you.
From India, Chennai
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
The Tamil Nadu Labour Welfare Fund (Amendment) Act, 2018 Notification.pd f