This act provides for the constitution of a fund for financing and conducting activities to promote welfare of labour in the State of Karnataka. Under the Act, the employee, employer and the State Government have to contribute at the rate of 6:12:6 respectively per employee per annum. A separate board is constituted for this purpose under the Act with the members of employers, employees and state representatives.
|DATE OF DEDUCTION:||31 December|
|Contribution||₹ 20||₹ 40||₹ 60|