Dear Seniors,
I am working in a construction company where we are deducting Rs. 10 from the employee's side and Rs. 20 from the employer's side as LWF (Labour Welfare Fund). Could anyone please let me know if this amount should be included in the CTC structure or not?
Thanks
From India, Gurgaon
Acknowledge(0)
Amend(0)
1I am working in a construction company where we are deducting Rs. 10 from the employee's side and Rs. 20 from the employer's side as LWF (Labour Welfare Fund). Could anyone please let me know if this amount should be included in the CTC structure or not?
Thanks
From India, Gurgaon
Acknowledge(0)Amend(0)
Hi usually company will not add in the CTC. If you add nobody will question you but it will not seems good by showing this meager amount Regards Eswar.K
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Is part of CTC, can add!!!
For which location are you working? I have worked for many locations but did not see a kind of slab (10/20). Would you please let me know about the slab you are working with for that location?
From India, Delhi
Acknowledge(0)Amend(0)
For which location are you working? I have worked for many locations but did not see a kind of slab (10/20). Would you please let me know about the slab you are working with for that location?
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sir, It depends on company to company LWF Department gives the relaxation that u can cut the lwf from employee or employer can bare the amount choices are for employers Regards Ashish
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
Hi, You can; however, the amount would work out to Rs. 40/- per annum; which i believe is peanuts - unless it helps the organization come out of minimum wage issue, if any. regards,
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Bhavi,
Yes, this amount should be included in CTC structure. (In Maharashtra Slb. EE 6.00 Rs. ER 18.00 Rs. below 3000.00 gross & EE 12.00 Rs. ER 36.00 Rs. above 3000.00 Gross) After the Gross amount, there are two structures, EE & ER. We are deducting from EE; contribution & adding it to ER contribution (CTC).
Regards,
Anupsingh
From India, Mumbai
Acknowledge(0)Amend(0)
Yes, this amount should be included in CTC structure. (In Maharashtra Slb. EE 6.00 Rs. ER 18.00 Rs. below 3000.00 gross & EE 12.00 Rs. ER 36.00 Rs. above 3000.00 Gross) After the Gross amount, there are two structures, EE & ER. We are deducting from EE; contribution & adding it to ER contribution (CTC).
Regards,
Anupsingh
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Bhavi, Yes, you can. However, the amount you can reflect is Rs. 40/- in the respective employee’s annual compensation package . regards
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
No, nowhere in any of the labor laws does it speak about CTC. CTC means Cost to the Company. So, if you want, you can add the LWF into the CTC. That is not a problem. This CTC system is only created by the employer.
From India, Kochi
Acknowledge(0)Amend(0)
From India, Kochi
Acknowledge(0)Amend(0)
Dear Friends, LWF is part of CTC as Employer is contributing his share. CTC = Gross + Employer\'s Contribution
From India, Hyderabad
Acknowledge(0)Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
TN Labour Welfare Fund 2018.pdf