Forms

Labour Welfare Fund (LWF), Contribution Rate & Periodicity, Rules

To improve standard of living and socio-economy conditions of employees, the State Labour Welfare Board provides services and facilities (E.g. Welfare Centre, Day Care, Scholarships, etc.) according to provisions under Labour Welfare Fund Act.

Labour Welfare Fund (LWF) is a statutory contribution managed by states.  States are also responsible for deciding contribution rate and frequency of LWF. The LWF contribution, periodicity and rules differs from state to state.

Here are the details of LWF for states it’s applicable in:

Andhra Pradesh

Employees in the managerial capacity or supervisory capacity with wages above Rs. 1,600 per month are exempted.

Periodicity	Annual
Contribution Month	December
Employee Contribution	Rs. 30
Employer Contribution	Rs. 70
Total Contribution	Rs. 100
Return	Form F
Due Date	31 January
Applicable for Contract Employees	Yes

Chandigarh (Union Territory)

Half Years for Contribution Deposit  – ‘April to September’ & ‘October to March’

Periodicity	Monthly
Contribution Month	April to March
Employee Contribution	Rs. 5
Employer Contribution	Rs. 20
Total Contribution	Rs. 25
Return	-- No Form --
Due Date	15 October & 15 April
Applicable for Contract Employees	No

Chhattisgarh

Employees in the managerial capacity or supervisory capacity with wages above Rs. 3,500 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 15
Employer Contribution	Rs. 45
Total Contribution	Rs. 60
Return	Form A
Due Date	31 July & 31 January
Applicable for Contract Employees	Yes

Delhi

Employees in the managerial capacity or supervisory capacity with wages above Rs. 2,500 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 0.75
Employer Contribution	Rs. 2.25
Total Contribution	Rs. 3
Return	Form A
Due Date	15 July & 15 January
Applicable for Contract Employees	No

Goa

Employees in the managerial capacity or supervisory capacity with wages above Rs. 3,500 per month are exempted.

Periodicity	Annual
Contribution Month	December
Employee Contribution	Rs. 120
Employer Contribution	Rs. 360
Total Contribution	Rs. 480
Return	Form B
Due Date	31 January
Applicable for Contract Employees	Yes

Gujarat

Employees in the managerial capacity or supervisory capacity with wages above Rs. 3,500 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 6
Employer Contribution	Rs. 12
Total Contribution	Rs. 18
Return	Form A1
Due Date	31 July & 31 January
Applicable for Contract Employees	Yes

Haryana

Periodicity	Monthly
Contribution Month	January to December
Employee Contribution	Rs. 10
Employer Contribution	Rs. 20
Total Contribution	Rs. 30
Return	-- No Form --
Due Date	31 December
Applicable for Contract Employees	Yes

Karnataka

Periodicity	Annual
Contribution Month	December
Employee Contribution	Rs. 20
Employer Contribution	Rs. 40
Total Contribution	Rs. 60
Return	Form D
Due Date	15 January
Applicable for Contract Employees	Yes

Kerala (Under Factories Act)

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 4
Employer Contribution	Rs. 8
Total Contribution	Rs. 12
Return	Form A
Due Date	15 July & 15 January
Applicable for Contract Employees	Yes

Kerala (Under Shops and Establishment Act)

Periodicity	Monthly
Contribution Month	January to December
Employee Contribution	Rs. 20
Employer Contribution	Rs. 20
Total Contribution	Rs. 40
Return	Form A
Due Date	5 of following month
Applicable for Contract Employees	Yes

Madhya Pradesh

Employees with wages above Rs. 10,000 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 10
Employer Contribution	Rs. 30
Total Contribution	Rs. 40
Return	-- No Form --
Due Date	15 July & 15 January
Applicable for Contract Employees	Yes

Maharashtra

Employees in the managerial capacity or supervisory capacity with wages above Rs. 3,500 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 6 (Wages up to Rs. 3000 per month) Rs. 12 (Wages above Rs. 3000 per month)
Employer Contribution	Rs. 18 (Wages up to Rs. 3000 per month) Rs. 36 (Wages above Rs. 3000 per month)
Total Contribution	Rs. 24 (Wages up to Rs. 3000 per month) Rs. 48 (Wages above Rs. 3000 per month)
Return	Form A1 cum Return
Due Date	15 July & 15 January
Applicable for Contract Employees	Yes

Punjab

Half Years for Contribution Deposit  – ‘April to September’ & ‘October to March’

Periodicity	Monthly
Contribution Month	April to March
Employee Contribution	Rs. 5
Employer Contribution	Rs. 20
Total Contribution	Rs. 25
Return	-- No Form --
Due Date	15 October & 15 April
Applicable for Contract Employees	No

Tamil Nadu

Employees in the managerial capacity or supervisory capacity with wages above Rs. 3,500 per month are exempted.

Periodicity	Annual
Contribution Month	December
Employee Contribution	Rs. 10
Employer Contribution	Rs. 20
Total Contribution	Rs. 30
Return	Form A
Due Date	31 January
Applicable for Contract Employees	No

Telangana

Employees in the managerial capacity or supervisory capacity with wages above Rs. 1,600 per month are exempted.

Periodicity	Annual
Contribution Month	December
Employee Contribution	Rs. 30
Employer Contribution	Rs. 70
Total Contribution	Rs. 100
Return	Form F
Due Date	31 January
Applicable for Contract Employees	Yes

West Bengal

Employees in the managerial capacity or supervisory capacity with wages above Rs. 2,500 per month are exempted.

Periodicity	Half Yearly
Contribution Month	June & December
Employee Contribution	Rs. 3
Employer Contribution	Rs. 6
Total Contribution	Rs. 9
Return	Form D
Due Date	15 July & 15 January
Applicable for Contract Employees	Yes

 

If you are facing trouble setting up LWF on Keka, write to support@keka.com.

As an employee of a company, you have to submit investment declaration at the beginning of a financial year, or, when joining a new company. This is important since declaration of tax-saving investment helps your employer to calculate and deduct tax accordingly from your monthly salary. In the beginning of the financial year, you have to just make an estimate of the investments that you intend to make. The final investment might not have to be exact as the declared.

What is Form 12BB?

Form 12BB is a provisional statement that has details of the investment that you intend to make. Based on your proposed investments, your employer deducts TDS (if any) from your monthly salary. To calculate TDS, your employer considers the declared investments and expenses that are either Tax Exempted, or are eligible for tax deductions under Income Tax Act.

With effect from 1st June 2016, a salaried employee is required to submit the Form 12BB to his or her employer to claim tax benefits or rebate on investments and expenses. Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses have to be provided at the end of the financial year as well.

Tax deductions can be claimed on the following investment declarations:

HRA (House rent allowance)

• Rent to be paid. Landlord’s name, address and PAN details.

LTA (Leave Travel Allowance) / LTC (Leave Travel Concession)

• LTA/LTC as per salary compensation.

Home loan interest

• Interest payable. Lender’s name, address and PAN details.

Deductions under Section 80C, 80CCC, 80CCD and 80D

• 80C: Premium to be paid for life insurance and/or investments to be made in ELSS funds, PPF, NPS and/or school tuition fees for children, etc
• 80CCC: Premium to be paid for annuity plan
• 80CCD: Additional contributions made to NPS
• 80D: Premium to be paid for medical insurance

Deductions under other sections like 80E, 80G, 80TTA

• 80E: Interest to be paid on education loan
• 80G: Donations to be made to specified organisations
• 80TTA: Interest income earned from savings bank account

 

How to generate Form 12BB on Keka?

As a Global/Payroll admin, you can generate Form 12BB of an employee by following the steps below:

Step 1: Go to employee’s profile by typing the employee’s name in the search bar.

 

Step 2: Go to ‘Finances’ tab of the employee’s profile

 

Step 3: Under ‘Finance’ tab, go to Manage Tax >> Form 12BB. Click on ‘Generate Form 12BB’ to generate Form 12BB of the employee

If you wish to generate your own Form 12BB, follow the steps below:

Step 1: Go to My Finances >> Manage Tax

 

Step 2: Under ‘Manage Tax’, go to ‘Form 12BB’. Click on ‘Generate Form 12BB’ to generate your Form 12BB

 

If you are having trouble generating Form 12BB, write to support@keka.com.