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
From India, Patiala
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3Description | 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
From India, Patiala
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CTC CALCULATION SHEET.xls