Are We Calculating EPF and Bonus Correctly? Need Help with Labour Contract Rates

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

Queries Regarding EPF and Bonus

1) EPF contribution is stated as 13.16%, but he mentioned we will pay only 12%.
2) Where is the Bonus? It is paid yearly at 8.33% (should it be considered in monthly rates?).

What should be done in this case? The competition is too high, and we need to secure this work. Please suggest. Waiting for a reply.

TIA

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.