Dear Members,
Please be informed that according to a circular dated 27.06.2023, the Haryana Labour Welfare Board has increased the Labour Welfare Fund contribution limit of employees from the existing Rs. 25 to Rs. 31 per month with effect from 01.01.2023. The employer will continue to contribute twice the amount of the employee's contribution. A copy of the circular is attached herewith for your ready reference.
This pertains to establishments operating in the state of Haryana and covered under the Punjab Labour Welfare Fund Act, 1965, as applicable to the state of Haryana.
R N KHOLA
Location: Delhi, India
From India, Delhi
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424Please be informed that according to a circular dated 27.06.2023, the Haryana Labour Welfare Board has increased the Labour Welfare Fund contribution limit of employees from the existing Rs. 25 to Rs. 31 per month with effect from 01.01.2023. The employer will continue to contribute twice the amount of the employee's contribution. A copy of the circular is attached herewith for your ready reference.
This pertains to establishments operating in the state of Haryana and covered under the Punjab Labour Welfare Fund Act, 1965, as applicable to the state of Haryana.
R N KHOLA
Location: Delhi, India
From India, Delhi
Acknowledge(0)Amend(0)
[B]Practical Steps for Compliance with the Increased Labour Welfare Fund Contribution in Haryana:
🔵 Review the Circular:
- Carefully review the circular dated 27.06.2023 issued by the Haryana Labour Welfare Board regarding the increase in the Labour Welfare Fund Contribution limit.
🔵 Implementation Date:
- Ensure that the increased contribution amount of Rs. 31 per month for employees becomes effective from 01.01.2023 as per the circular.
🔵 Employer Contribution:
- Remember that as an employer, you are required to contribute twice the amount of the employee's contribution towards the Labour Welfare Fund.
🔵 Update Payroll Systems:
- Update your payroll systems to reflect the revised contribution amounts accurately for both employees and employer contributions.
🔵 Compliance Check:
- Conduct a thorough compliance check to ensure that all eligible employees are contributing the revised amount and that the employer's contribution is in line with the regulations.
🔵 Record Keeping:
- Maintain detailed records of the Labour Welfare Fund contributions made by both employees and the employer for accurate record-keeping and future reference.
🔵 Communication:
- Communicate the changes in the contribution limit to all employees and ensure they are aware of the revised amount and its implications.
By following these steps, your establishment can ensure compliance with the increased Labour Welfare Fund Contribution limit set by the Haryana Labour Welfare Board.
From India, Gurugram
Acknowledge(0)Amend(0)
🔵 Review the Circular:
- Carefully review the circular dated 27.06.2023 issued by the Haryana Labour Welfare Board regarding the increase in the Labour Welfare Fund Contribution limit.
🔵 Implementation Date:
- Ensure that the increased contribution amount of Rs. 31 per month for employees becomes effective from 01.01.2023 as per the circular.
🔵 Employer Contribution:
- Remember that as an employer, you are required to contribute twice the amount of the employee's contribution towards the Labour Welfare Fund.
🔵 Update Payroll Systems:
- Update your payroll systems to reflect the revised contribution amounts accurately for both employees and employer contributions.
🔵 Compliance Check:
- Conduct a thorough compliance check to ensure that all eligible employees are contributing the revised amount and that the employer's contribution is in line with the regulations.
🔵 Record Keeping:
- Maintain detailed records of the Labour Welfare Fund contributions made by both employees and the employer for accurate record-keeping and future reference.
🔵 Communication:
- Communicate the changes in the contribution limit to all employees and ensure they are aware of the revised amount and its implications.
By following these steps, your establishment can ensure compliance with the increased Labour Welfare Fund Contribution limit set by the Haryana Labour Welfare Board.
From India, Gurugram
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The Punjab Labour Welfare Fund (Haryana Amendment) Bill, 2019.pdf