Answer
1%
Explanation
The government has issued guidelines to levy 1% welfare cess on total construction costs.
Key Points
- > This has been done under the 'Code on Social Security 2020'
- > Exemption has been given for works valued at less than 50 Lakhs
- > This money will be spent on workers' health and education
Additional Information
- Rule: 1% of construction cost
- Usage: Workers' welfare
- Ministry: Ministry of Labour and Employment
| Exemption Limit | 50 Lakh Rupees |
|---|---|
| Law | Social Security Code 2020 |
| Target | Assistance to Unorganized Workers |