Maharashtra Labour Welfare Fund (Amendment) Act, 2024

The Maharashtra Government has notified the Maharashtra Labour Welfare Fund (Amendment) Act, 2024.

The Sub-Section (2) of Section 6BB of the Maharashtra Labour Welfare Fund Act, is substituted, and the amendment brought to effect are:

(2) The amount of contribution payable every six months in respect of every employee and an employer for each such employee shall be at the following rates, namely :–

(a) in respect of an employee, whose name appears in the register of an establishment on the 30th June and 31st December,respectively, shall be at the rate of twenty-five rupees :

Provided that, the State Government shall on receipt of a proposal from the Board, by notification in the Official Gazette,increase once in every three years, the rate of employee’s contribution so, however that, such increase shall not exceed thirty percent of the rate of contribution;

(b) in respect of an employer, for each employee referred to in clause (a), thrice the amount of contribution payable by an employee.”

Related Acts

More Notifications

Discuss business needs, find out pricing or get a demo.
We would love to talk.

  • HR & Payroll Administration
  • What is HRMS?
  • What is Payroll?
  • What is Statutory Compliance?
  • Guide to Leave Management
  • Guide to Attendance Management
  • Holiday Lists 2023
  • Holiday Lists 2024
  • Gender Inclusivity Report 2024
  • Product
  • HR Software
  • Payroll Software
  • Leave Management System
  • Attendance Management System
  • Performance Management System
  • Employee Self Service
  • greytHR Service Status
GDPR Compliant certification badge
Soc2 certification badge
ISO Certification Badge
WhatsApp LogoMessage us on WhatsApp
© 2024 Greytip Software Pvt. Ltd.
Privacy PolicyTerms of Use