The Maharashtra Labour Welfare Board has recently issued a public notice as a reminder to all employers in the state to adhere to the amended Labour Welfare Fund (LWF) rates, effective from June 2024. The half-yearly contribution rates have been revised as follows:
- Per Employee Contribution Rate: Rs 25
-
Employer’s Contribution Rate per Employee: Rs 75
-
Total Contribution: Rs 100
It is mandatory for all employers to ensure that these revised rates are implemented for their employees. The LWF is a crucial aspect of ensuring the welfare and well-being of workers in Maharashtra, and it is important for employers to fulfill their obligations in this regard.
By complying with the updated LWF rates, employers can contribute towards the betterment of their employees and help in creating a conducive work environment. Failure to adhere to these rates may result in penalties or legal action by the authorities.
It is advisable for all employers to review the public notice issued by the Maharashtra Labour Welfare Board and make the necessary arrangements to comply with the amended LWF rates. By doing so, they can contribute towards the overall welfare and development of their workforce.
| Half yearly contribution rates | ||
| Per Employee
Contribution rate |
Employer’s Contribution
Rate per employee |
Total |
| Rs.25/· | Rs.75/ · | Rs. lOO/· |
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Notification for Maharashtra LWF amendment.pdf
Notification for Maharashtra-labour-welfare-fund-amendment-act-2024.pdf
