What is a Labour Welfare Fund?

POSTED BY Chinmoy ON January 5, 2015 10:37 am COMMENTS (5)

Hi JagoInvestor,

Recently in my salary slip my employer has deducted Rs.6/- towards “labour Welfare Fund”. Please give some clarity about this fund and what are the benefits of this fund so that employee can utilize? Currently I am working with an IT-firm at bangalore.

Appreciate your help.

Thanks

5 replies on this article “What is a Labour Welfare Fund?”

  1. Hemanth says:

    as manish said it is some fund for the welfare of employees

  2. Hemanth says:

    are u working in tcs ?

  3. Chinmoy

    I was not able to find much information on this , but this is some kind of State level tax deducted by employer and paid to state govt , and some cases of crises employer can claim money . Read more on

    http://www.citehr.com/380205-labour-welfare-fund-deductions-basic-salary.html

    1. Chinmoy says:

      Thanks Manish for the link , in the mean while if I get more info I will post in this same forum.

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