Labor Welfare Fund: Labor Welfare Fund is a social security initiative by the government to promote the welfare of workers. It’s intended to provide financial assistance, support, and amenities to workers and their families. The fund is typically managed by the respective state government and may cover areas such as medical assistance, education, housing, and more. The rules and regulations surrounding labor welfare funds can vary from state to state in India.

Professional Tax: Professional Tax is a state-level tax imposed on individuals engaged in professions, trades, callings, or employment. It is a source of revenue for state governments and is used to fund various welfare and development activities. The rates of professional tax can vary from state to state, and some states also have a cap on the maximum amount that can be charged as professional tax.