The Karnataka Labour Department vide a press release has held that for the calendar year 2019, Karnataka Welfare Fund contribution to be made compulsorily on or before 15th January 2020.
As per Karnataka Labour Welfare Fund Act 1965, the employers are required to pay LWF contribution through Form D along with Demand Draft (DD)/ Cheque in favour of Welfare Commissioner Bangalore by 15th January every year by deducting Rs.20 from the employee and employers contribution of Rs.40. In case of default, the employer shall be liable to pay penalty at specific rate on the amount of contribution.
Thus, with this publication last date to payment contribution for the calendar year 2019 without penalty is fixed at 15th January 2020. If the employer fails to pay the contribution within 15th January 2020, a penalty at 18% interest rate shall be levied. Apart from this, the Bank Account details for remittance of the contribution amount; and Telephone Number +918023570266 or website www.klwb-kar.com is also shared so that employers may contact for any further information.