The Government of Karnataka, Karnataka Labour Welfare Board, Bangalore (“Board”) has issued a Press Note reminding employers regarding the last date of payment of contributions under the Karnataka Labour Welfare Fund Act , 1965 which is 15th January 2024. Such contribution has to be paid mandatorily by Factories, Plantation, Workshops, Motors, Omnibus Services, ITBT Firms, Charitable Trusts, Societies Registered under Karnataka Societies Registration Act, 1960 and Karnataka Shops and Establishments employing 50 or more workers. The Payment is to be done in online mode through the following link- www.klwb.karnataka.gov.in.
The Board reiterates that the amount of contribution to be paid by Factory/Establishment, is Rs. 20 for each employee, and Rs. 40 from employer of each employee, i.e., Rs. 60/- per employee.
Any delay in payment of contribution will attract penal interest at the rate of 12% for first three months and after 3 months 18% on the amount due, and inspections by the Welfare Commissioner/Labour department Officers to initiate legal proceedings for non-payment of contribution.
Source: Government of Karnataka
