Thread Started by #avrock07

I am subcontractor in L&T Construction Mumbai, supplying labour for construction work.
They are deducting PF amount from my bill after adding GST amount, i want to know is this right.
Bill Amount. 327004.00
GST 18% 58860.00
Total 385685.00
Deduction PF 29604.00
26th December 2018 From India, Mumbai
ask them for calculation / reconciliation sheet as the data submitted does not match any EPF rates
26th December 2018
Bill amount probably consisting of labour, Food & Shelter, profit etc. Total PF deduction is 29,604/- which is supposed to be 25% of labour cost ( Employer-12%+Employee-12%+ Admin etc-1%. charges). Therefore total labour cost is 29,604 x 4 = 1,18,416/-. The labour cost is again 36% of total bill amount which is common for construction work.
Hope this will satisfy your query.
Thanks &Regds.,
S K Bandyopadhyay(Howrah, WB)
+91 98310 81531

26th December 2018 From India, New Delhi
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