Terms of the offer
LWF stands for Labour Welfare Fund, a payroll statutory component that provides social security benefits to workers in India. Learn about the meaning, contribution, payment, and compliance of LWF in different states. LWF stands for Labour Welfare Fund. It is a statutory endowment managed by individual state authorities to upgrade the working conditions of labourers. Introduced in 1948 under the Industrial Disputes Act of 1947, LWF contributions are made by employees and employers. LWF means the contribution amount paid towards the Labour Welfare Fund (LWF) from the employee’s or worker’s salaries or wages. It will be paid by the employer to the LWF either monthly, yearly or half-yearly according to the state Labour Welfare Fund Act. What is the Labour Welfare Fund (LWF)? The Labour Welfare Fund (LWF) is a statutory fund established under the Industrial Disputes Act of 1947 to improve the working and living conditions of laborers. Managed by individual state authorities, contributions are made by both employees and employers. The fund is utilized for various welfare programs, including education, healthcare, housing, and recreation for workers. Key Benefits Educational Support: Provides scholarships and facilities for ...
