Dear Seniors, I have a doubt about welfare fund. To whom we have to deduct welfare fund. Is there any limit, i mean threshold salary limit for deduction of welfare fund from the employees?
From India, New+Delhi
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2From India, New+Delhi
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Please find attachment regarding welfare deduction in all states .... read Rs 10000 /- in place of 1600 in Madhya Pradesh, rest check of your concerning states also.
From India, undefined
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From India, undefined
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Dear Anamika,
The Welfare Fund is governed by State Legislation. You must review the relevant State Act and Rules to determine the applicability of the act to your establishment. Furthermore, it is crucial to take note of the "Definition of Employee" as outlined in the Act. All individuals falling under the definition of "Employee" are responsible for the payment of Welfare Contributions.
From India, New Delhi
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The Welfare Fund is governed by State Legislation. You must review the relevant State Act and Rules to determine the applicability of the act to your establishment. Furthermore, it is crucial to take note of the "Definition of Employee" as outlined in the Act. All individuals falling under the definition of "Employee" are responsible for the payment of Welfare Contributions.
From India, New Delhi
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
Salary-Note.doc
SALARY SHEET CALCULATION.xls