Delhi realtors will now pay higher labour cess as govt revises calculation formula
India TV NewsHighlights The cess calculation was earlier done as per construction cost in 2006 Now, the labour cess will be hiked as it is being calculated as per the latest construction cost The labour cess is collected by the government as one percent of cost of construction projects Real estate developers and construction agencies in Delhi will now have to pay higher amount of labour cess as the city government has decided to revise the formula for its calculation, officials said on Wednesday. The labour department has revised the formula for the cess calculation that was earlier done as per construction cost in 2006. Now, the labour cess will be hiked as it is being calculated as per the latest construction cost fixed by the Central Public Works Department in 2021, the officials said. The labour cess is collected by the government as one percent of cost of construction projects worth Rs 10 lakh and above.
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