Effective Date

Acts

Labour Law Gazette Notifications

Released Date: 21st Dec, 2020

Karnataka

Clarification On Rates Of LWF Contribution For The Year 2020 Under The Karnataka LWF Act, 1965

Due to the repealing of the Karnataka Labour Welfare Fund (Amendment) Act, 2017 vide. The Karnataka Repealing Of Certain Enactments And Regional Laws Act, 202 dated 1st December 2020, there was a certain presumption that rates of LWF contribution were restored to the earlier rates i.e. Rs. 6 and 12 for Employees and Employers as opposed to the existing rates i.e. Rs. 20 and 40 respectively. Now, the Karnataka LWF Board vide. its Press Release as hosted on its website has clarified that the rates of contribution remain at the ratio of 20:40 (Employees Rs.20/- Employers Rs.40/-) respectively. Further Employers shall remit contributions only through online mode by 15th January 2021 for the calendar year 2020. Therefore, Employers in Karnataka are advised to continue to deduct the contribution to the Welfare Fund from the salaries of employees at the rate of Rs.20/- along with Employer's contribution of Rs.40/- and remit the amount online on or before 15th January 2021 on https://klwb.karnataka.gov.in/ along with a statement in Form ‘D’ prescribed under the Karnataka Labour Welfare Fund Act & Rules. The deduction of employee’s contribution shall be only in respect of the employees who are on the rolls of the establishment as of 31st December 2020. Since there have been two documents pertaining to the same subject and basis our attempts to reach the State Labour Welfare Department, employers are advised to proceed with payment of LWF contribution as per existing rates until further notice from Authority. Simpliance will update the revised notification if any as published in the gazette of Karnataka from time to time. Please refer to the press note for more details.

Effective Date: 21st Dec, 2020

Disclaimer: The information contained in this website is for general information purposes only. The information is provided by www.simpliance.in, a property of Simpliance Technologies Pvt. Ltd. While we endeavour to keep the information up to date, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
For any suggestions or feedback write to us at customersupport@aparajitha.com

Sales Enquires

marketing@aparajitha.com

+91 74181 33323


Technical Support

customersupport@aparajitha.com

Contact Us

Simpliance Technologies Private Limited

S.R. Complex Municipal No.2,

Thavarekere Main Road,

S.G. Palya, D.R. College PO,

Bengaluru: 560029

Karnataka, INDIA



Follow Us On