Avrock07
Manager
Glidor
Hr Consultant

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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

From India, Mumbai
ask them for calculation / reconciliation sheet as the data submitted does not match any EPF rates

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

From India, New Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™