What is Labour Welfare Fund?
Labour Welfare Fund refers to a mandatory deduction of Rs. 4 that needs to be done from an employee. This deduction happens in the month of December.
Along with the employee's contribution, the employer also contributes to the labour departme
Are employee payments always done thru payroll?
Not always. Some payments like incentives and others are done in the middle of the month also.
What is Bonus / Ex-gratia?
Employees are generally paid a Bonus at the end of every year. This is a reward or amount that is in addition to the salary that is paid to the employees. This is generally paid during festivals or in December.
Bookmark this post: | 
|
Save And Share :
0 comments:
Post a Comment