Maintain LWF Rate Table

This page allows you to capture the employee and employer contribution for Labour Welfare Fund (LWF) wages based on the employee’s wage ranges. The LWF is deducted based on region and various deduction frequencies like, monthly, quarterly, half yearly, or yearly.

Select the “Maintain LWF Rate Table” link under the “Tax Setup India” business component.

The “Maintain LWF Rate Table” page appears.

The system displays the following:

Date Format

The date format applicable to the login user.

Enter the following details:

Tax Setup Unit	From the drop-down list box, select the tax setup unit for which you require to record the labour welfare fund amount.
LWF Region	From the drop-down list box, select the region for which you require to record the labour welfare fund amount.
LWF Frequency	From the drop-down list box, select the frequency at which the labour welfare fund amount must be deducted from the gross salary. The combo is loaded with the values “Select”, “Monthly”, “Quarterly”, “Halfyearly” and “Annual”. The system displays “Select” by default on launch of the page.

The system displays the following:

Effective From	The date from which the labour welfare fund rates are brought into effect.
Effective To	The date until which the labour welfare fund rates are effective.

Click the “Previous” button to view the previously saved immediate record against the Tax Setup Unit, LWF Region and LWF Frequency.
Click the “Next” button to view the next immediate record saved against the Tax Setup Unit, LWF Region and LWF Frequency.
Enter the following details in the multiline:

Wages From	The wage range of the employee from which you require to define a labour welfare fund rate.
Wages To	The wage range of the employee until which you require to define a labour welfare fund rate.
Employer Contribution	The contribution of the employer for the labour welfare fund.
Employee Contribution	The contribution of the employee for the labour welfare fund.

Enter the following details in the multiline:

Month

The deducted month of the labour welfare fund.

Enter the following details:

Modification Option

Select “Correct” or “Update” from the drop-down list box.

If you select “Correct”, the history of modifications is not stored by the system. The record is merely corrected, and the system treats the modification date of the record to be the same as “Effective Date” you specified when you created the record.
“Update”, the system stores the history of modifications, by inserting a new record to track each change to the record. The previous record is internally closed. When you select “Update”, you must also enter the date from which the changes must become effective.

New Effective Date

If the edit option you chose is “Update”, specify the date from which the current modification will be in effect. The system maintains the “Effective To Date” of the previous record to be one day less than the “New Effective Date”.

Click the “Save” pushbutton to save the details entered.

The system saves the details.

Note: If you save the data for first time, then enter a new effective date and select the modification option as “Select”.