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The Labour Welfare Fund Act, 1953


The Act has been constituted for financing of activities to promote welfare in the respective states.


APPLICABILITY

The Act is applicable to all the companies that have 5 or more persons employed.

Includes all employee, including employee through contractor, except those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month.

CONTRIBUTION
Salary Employees Contribution Employers Contribution Total
Salary up to 3000/- 6.00 18.00 24.00
Salary from 3001/- & Above 12.00 36.00 48.00
Payment

For the month of June & December on or before 15th July or 15th January respectively and the contribution needs to be deposited with the "Welfare Fund Commissioner" in Form A-1.

OTHER PAYMENTS PAYABLE TO MLWF

Any dues payable to any employee remains unpaid for more than 3 years has to be deposited to Maharashtra Labour Welfare Board with in such time as prescribed under the Act.

"Unpaid Accumulations-All Payments Due to the employees but not made to them within a period of 3 years from the date on which they became due including unpaid Wages, Gratuity, Bonus."