Punjab Labour Welfare Fund (Haryana Amendment) Bill, 2019

Mar 14, 2019 | by Avantis RegTech Legal Research Team

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The State Government of Haryana has published Punjab Labour Welfare Fund (Haryana Amendment) Bill, 2019 to further amend Punjab Labour Welfare Fund Act, 1965. 

The Bill brought amendments in Section 9A(1) of the Punjab Labour Welfare Fund Act, 1965, which specifies the contribution to fund by employer and employees, that is:

“Each employee shall contribute to the Fund every month an amount equal to zero point two percent of his salary or wages or any remuneration subject to a limit of rupees twenty-five and each employer in respect of each such employee shall contribute to the Fund every month, twice the amount contributed by such employee: Provided that the limit specified above shall be indexed annually to the consumer price index beginning from first of January each year. Explanation.- For the purposes of sub-section (1), “employee” means an employee on the register of an establishment on the last working day of the month.”

[Notification No.12-HLA of 2019/16/3917]

Click here to download the Notification.

 


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