Dear Seniors
pls, help on the topic.
someone send this to me, Contract rates for Labour/Guard
Description Revised Rate as per MW
Minimum wages of unskilled categories 7852.17
Provident Fund 12% 942.26
ESIC (4.75%) 372.98
Uniform 100
Agency Commission 9% 834.07
Total Expenses 10101.48
GST @18% 1818.27
Total Expenses including GST 11919.74
the query is that:-01) EPF contribution is 13.16 %, he said we will pay only 12%, &
02)where is the Bonus? Paid yearly 8.33% (should it consider in monthly rates )
what to do in this case . competition is too high & have to get this work.
pls, suggest. waiting for reply
TIA

From India, Patiala
Dear Gaurav,
Ideally you can't play with any statutory deductions or payments. Thus, the entitled payments you need to charge from the client or else you may need to bear it from your own pockets.


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