The Government of Karnataka on December 24, 2024, issued a notification regarding the payment of contribution.
The following has been stated:
• The establishments must remit contributions as per the Factories Act 1948 2(D) within the scope of Karnataka Labour Welfare Fund, Act 1965. All factories, plantations, workshops, Motor Omnibus Services, and Rental service establishments, employing more than 10 workers with power and employing more than 20 workers without power under the purview of Karnataka Shops and Commercial Establishment Act 1961 and Karnataka Society Registration Act-1960 all commercial/ITBT establishments employing more than 50 workers and staff, charitable trust/organisations and all the societies registered under two Acts are required to pay welfare fund online compulsorily.
• Factory/Establishment will pay contribution of Rs. 20/- from each employee & Rs. 40/- from employer for each employee i.e, total Rs. 60/-per employee to be remitted through online payment only.
• The last date for payment of contribution is January 15, 2025 (CALENDER YEAR 2024)
Delay in payment of Contributions will attract penal interest at the rate of 12% per annum for the first 3 months and thereafter 3 months 18% per annum on the amount due, and inspections by the Welfare Commissioner/Labour Department Officers to initiate legal proceedings for non-payment of contribution.
