It is mandatory to remit the contribution u/s 7A of Karnataka Labour Welfare Fund Act, 1965 for below mentioned establishments:
- Factories, Plantations, Workshops, Motor, Omni bus services, ITBT Firms, Charitable Trusts, Societies registered under Karnataka Societies Registration Act, 1960 and
- Karnataka Shops and Commercial Establishments employing 50 and above workers.
Contribution: Employee – INR.20.00, Employer – INR.40.00, Total INR.60.00 per head count as of 31st December of the year.
Due Date: 15th January of the following year. i.e., For the year ending 31st December 2024, 15th January 2025.
Payment mode: Online.
URL: https://klwb.karnataka.gov.in
Penalty clause:
Delay in payment will attract interest @ 12% for 1st three months and thereafter 18% and failing to pay contribution will attract initiation of legal proceedings by Labour department officers and inspection by Welfare Commissioner.
Bangalore Head office Contact:
Karnataka Labour Welfare Board, Number – 48, Karmika Kalyan Bhavan, 2nd Floor, Mathikere main road, Yeshwanthpur, Bangalore – 560022.
Courtesy: Team Compliance.
Disclaimer
This document has been issued in the general interest of knowledge transfer purpose and it cannot be construed in any other manner whatsoever.
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