Create the desired components; LWF and LWF Employer, the Configurations should be as under:
|Name||Labour Welfare Fund||Labour Welfare Fund Employer|
|Round off Value||Nearest to INR 1/-||Nearest to INR 1/-|
|Is FBP component||No||No|
|Part of CTC||No||No|
Once created, both components to be allocated to all the Employees whose Payroll would be processed.
To update the amounts for LWF, please refer this link.
LWF Report Generation: Unlike the other Statutory Reports like PT, PF, ESI, etc, this option is not available in the application; and hence to be the figures in Monthly Salary Statement.
To Populate the LWF Employer contribution, ensure to select “Show Employer Contribution” checkbox.