The Karnataka Labour Welfare Fund Act,1965

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.

Ready Reckoner

FREQUENCYyearly
DATE OF DEDUCTION31 December
RETURNS15 January
EmployeeEmployerTotal
Contribution204060
RULES:
  • Any Establishment/Employer employing 50 or more persons
  • All employees who are employed for wages to do any work skilled/unskilled/manual/clerical,in an establishment
Last updated on: 02 July 2021

Compliances

Applicability

  • Factories, Motor Omni Bus Services, Plantations, and Workshops.
  • Shops and Commercial Establishments, Charitable Trusts, and Societies registered under Karnataka Societies Registration Act 1960 who employed more than fifty persons on any working day during the preceding twelve months.
  • Applicable only to the employees who are doing skilled or unskilled, manual or clerical work. It is not applicable to Supervisors, Managers, and other Officers.
Compliance Calendar
There are so many HR compliances to be taken care of every month, throughout the year. Check out our comprehensive calendar to stay on top of your game!
Related Acts

More Notifications

More and more growing companies are using greytHR.
Take a demo and find out why

  • 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
  • Product
  • HR Software
  • Payroll Software
  • Leave Management System
  • Attendance Management System
  • Performance Management System
  • Employee Self Service
  • greytHR Service Status
greytHR-logo
GDPR Compliant certification badge
Soc2 certification badge
ISO Certification Badge
© 2024 Greytip Software Pvt. Ltd.
Privacy PolicyTerms of Use
India