Amendments to the Karnataka Labour Welfare Fund Act, 1965, introduced under the Karnataka Labour Welfare Fund (Amendment) Act, 2024.
Key Highlights:
- Increased Contribution Amounts:
- The contribution rates specified in Section 7A(2) have been revised from ₹20, ₹40, and ₹20 to ₹50, ₹100, and ₹50 respectively.
- Effective Date:
- The Act came into effect immediately upon its publication on January 10, 2025.
This change is effective for the 2025 Calendar Year, with payments due in January 2026. The 2024 LWF paid in Jan 2025 continues to be calculated using the existing LWF slab rates without any changes.