Labour Welfare Fund Act
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What is Labour Welfare Fund Act?
Labour Welfare Fund is a fund contributed by Employer, Employee and in some states by the Government as well. The purpose of these welfare funds is to provide housing, medical care, educational, and recreational facilities to the workers and their dependents. Distinct Labour Welfare Fund Act and Labour Welfare Fund Rule are framed for different states & Union Territories.
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APPLICABILITY The Act applies to all companies that have 5 or more persons employed. Includes all employees, including employees through contractors, except those working in managerial or supervisory positions and drawing wages more than Rs. 3,500/- per month.
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