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Employee welfare fund

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(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.
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CA Suresh Jain

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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
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SAGAR ARYAL

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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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