Under Chapter VIII of the Code on Social Security, 2020, a cess is levied on construction employers for the welfare of Building and Other Construction Workers. Which of the following correctly states the cess rate, method of self-assessment, payment deadline, and eligibility criteria for a building worker to register as a beneficiary?

Section 100 of the Code on Social Security, 2020 empowers the Central Government to levy and collect cess from every employer for the social security and welfare of building and other construction workers at a rate not less than 1% but not exceeding 2% of the cost of construction incurred by the employer the actual rate is notified by the Central Government. A key reform under Section 103 is the introduction of self-assessment of cess the employer is responsible for estimating the cost of construction and paying the cess on that basis, replacing the earlier system of Board-assessed collection. The employer must complete self-assessment and payment within 60 days of completion of the building or construction work, failing which interest becomes payable under Section 101 and penalties apply under Section 104. For worker registration as beneficiaries, Section 106 prescribes a clear eligibility test: the building worker must be between 18 and 60 years of age and must have been engaged in building/other construction work for not less than 90 days in the preceding 12 months registration is done electronically and results in issuance of an identity card. Under Section 107, a registered worker ceases to be a beneficiary upon attaining age 60 or upon failing to work in construction for at least 90 days in a year.