Maharashtra Labor Welfare Fund (MLWF)

Hey Friends…

It is December month so don’t forget to consider MLWF

Maharashtra Labor Welfare Fund (MLWF)

The Maharashtra Labour Welfare Fund Act, 1953

• MLWF is effective from 1953.

• It is applicable to all the companies in the state that has 05 or more person employed, who are considered contract labours as per the Act.

• Includes all employee, including employee through contractor, except those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month

 

How to Calculate:-

• For employees who earn equal or less than Rs 3000

Rs 6 (Employee Contribution) Rs 18 (Employer Contribution) i.e. Rs 24 total Contribution.

This is excluding manager & person working as a supervisor drawing salary above Rs.3,500/-p.m.

• For employees who earn equal or greater than Rs 3000

Rs 12 (Employee Contribution) Rs 36 (Employer Contribution) i.e. Rs 48 total Contribution.

This is excluding manager & person working as a supervisor drawing salary above Rs.3,500/-p.m.

 Due and Payable:- Two times in a Financial year:-

• Due periodicity is 30^th June  and last date is 15^th of July
• Due periodicity is 31^st December and last date is 15^th of January