we are principal employer and have been awarded lots of construction contract to contractors. example-civil work, plumbing work, electrical work, HVAC Work. as per new BOCWA Act 1% labor cess has to deposit to labor department.
Till date we have not deposit any labor cess to department by contractor or by principal employer. i want to know what is the procedure of depositing labor cess to department and on which amount labor cess 1% has to be calculate on the total project cost inclusive of land, material. what is date of deposit labor cess to department