Karnataka Labour Welfare Fund  (KLWF)


Points to be noted:


1. It’s mandatory to deduct the KLWF as  per Labour Welfare fund (LWF) act 1965. 


2. Applicable for those companies having  more than 50 employees. 


3. KLWF is to be deducted in the month of  December and it has to be paid within  January 15. 


 Follow the below mentioned procedure,  how to deduct KLWF in Paypac 

 software.


1. Create a new component in Master->Pay slip 

component.




2. Click Add to create new component. Enter  code & name. Select type as Deduction & 

   Select Lumpsum.  And click on create formula enter the deduction amount.



Click Save to update records.


3. Go to Processing -> Monthly transaction

 -> Lumpsum components.



4. Select the KLWF component. Click on modify  and select yes for one employee.


5. Press F3 to repeat values ( Y )



6. After that Go to Processing->Monthly  processing to process Active month.



7. You can see the KLWF component in Payslip  deduction side.



8. You can take the KLWF challan in Reports.


9. Your KLWF challan is ready.