Employee welfare fund
This query is : Resolved
SAGAR ARYAL
(Querist)
30 March 2018
Our client has a lot of balance outstanding under head "bonus payable" and "salary payable". I actually had to know how long the employer keep the balance as outstanding in their books. It would really be great to know the act (if any) applicable to it.
CA Suresh Jain
(Expert)
30 March 2018
The period is specified in the Labour Welfare act of the concerned Act. This is normally 3 years from the date when the amount become due for payment to the employee/s
SAGAR ARYAL
(Querist)
30 March 2018
Isn't the labour welfare act different in different states or it is a central act?
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