Hello Friends, I need help from you all. I want to introduce LWF in my organization (We have PF). We are a power electronics company with around 30 people working in our facility in Hyderabad, Telangana.
How to register in LWF
1. How to register in LWF.
2. Who all are eligible for LWF?
3. When to pay this/when to deduct it.
4. How can employees avail of it?
Please kindly suggest.
Thank you in advance.
From India, Bangalore
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3How to register in LWF
1. How to register in LWF.
2. Who all are eligible for LWF?
3. When to pay this/when to deduct it.
4. How can employees avail of it?
Please kindly suggest.
Thank you in advance.
From India, Bangalore
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Labour Welfare Fund (LWF)
By LWF, I hope you mean Labour Welfare Fund. Labour Welfare Fund is a state subject and is a fund to which contributions are made by the employer and employees (through the employer) periodically. There will be separate funds for factory workers, workers in mines, shops, etc. Normally, contributions to such funds will not be on a monthly basis but will be on a half-yearly basis.
The employees covered will be receiving some benefits from the fund, such as scholarships for children, payment while the employee is hospitalized, etc. Some funds also guarantee a pension after a certain number of years of service/contribution and age. Normally, all workers other than managers with functional managerial rights will be enrolled under the fund.
From India, Kannur
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By LWF, I hope you mean Labour Welfare Fund. Labour Welfare Fund is a state subject and is a fund to which contributions are made by the employer and employees (through the employer) periodically. There will be separate funds for factory workers, workers in mines, shops, etc. Normally, contributions to such funds will not be on a monthly basis but will be on a half-yearly basis.
The employees covered will be receiving some benefits from the fund, such as scholarships for children, payment while the employee is hospitalized, etc. Some funds also guarantee a pension after a certain number of years of service/contribution and age. Normally, all workers other than managers with functional managerial rights will be enrolled under the fund.
From India, Kannur
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Thank you for your reply.
Wage amount for LWF
Is there any particular wage amount like how we have for PF and ESIC?
Introducing LWF: First steps
To introduce LWF, what is the first step that needs to be taken? Though I have got some information from Google, I still want to confirm with experts like you.
From India, Bangalore
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Wage amount for LWF
Is there any particular wage amount like how we have for PF and ESIC?
Introducing LWF: First steps
To introduce LWF, what is the first step that needs to be taken? Though I have got some information from Google, I still want to confirm with experts like you.
From India, Bangalore
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As I have already said, it is a state and industry subject, and therefore, the manner of contribution will differ from place to place and industry to industry. It will be a fixed amount per six months, year, or even per month and need not necessarily be a percentage of salary. You can get the details from the official website of the labor department of the concerned state. It is good to avoid sources other than the official websites of the state.
From India, Kannur
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From India, Kannur
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TN Labour Welfare Fund 2018.pdf
Statewise Labour Welfare Fund.xls