26 December 2010
I m a petty contractor in construction sector. whenever RA bill is raised, the principal contractor (under whom I am contracting, the employer) is deducting @ 6% from the billed amount. the break-up is :- TDS 1% - as I have the PAN EPF 2.5% Retention Money 2.5 % to be released at the year end.
(1+2.5+2.5 = 6)
Any one please help me clarify that under what Act or Rule the principal contractor is authorised to deduct 2.5% towards EPF. Please.
09 January 2011
repeating question - please answer this
I m a petty contractor in construction sector. whenever RA bill is raised, the principal contractor (under whom I am contracting, the employer) is deducting @ 6% from the billed amount. the break-up is :- TDS 1% - as I have the PAN EPF 2.5% Retention Money 2.5 % to be released at the year end.
(1+2.5+2.5 = 6)
Any one please help me clarify that under what Act or Rule the principal contractor is authorised to deduct 2.5% towards EPF. Please.
CAclubindia
