Labour Welfare Fund (LWF) explained | Contribution rates and rules

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Approximately 15 states in India have the provision for Labour Welfare Fund (LWF). Other states do not apply this law. Since LWF is governed by individual state governments, the rules and regulations for Labour Welfare Fund vary state-wise. Learn what is Labour Welfare Fund is, which states it is applicable, and how to calculate it with the help of an excel sheet.

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LWF contribution calculator: https://docs.google.com/spreadsheets/...
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Chapters:
00:00 Intro
01:37 What is Labour Welfare Fund (LWF)?
02:50 Applicability of Labour Welfare Fund (States)
03:17 Applicability of Labour Welfare Fund (Establishments & Employees)
05:01 Contribution rates
08:02 Period of remittance
08:27 Benefits of LWF
10:21 Important points for employers, HR, accountants, etc.
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