Maharashtra labour welfare fund registration online I MLWF Registration 2023
Maharashtra Labour Welfare Fund has become effective in the year 1953 and is applicable to all the companies in the state that has 5 or more persons 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.
These funds are considered as fringe benefits since they are offered through collective contribution which is supported by employee, employer who contributes three-times of the amount contributed by the employee and the state government.
Calculation:
Here contribution from an employee is of Rs12/- while the employer contributes Rs.36/-. The total contribution comes to Rs.48/-.
Payable:
The periodicity is 30th June and 31st December. The last date for submission is 15th July and 15th January respectively.
Penalty:
The Employer has to maintain the entire record against the fund transaction failure to which there is a penalty. If the employer is not able to produce the records or documents stating details of the fund and employee details,
1. The employer may get a three months term or Rs 500/- fine or both.
2. For subsequent offences, six months term or fine of Rs 1000/- or both.
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