How much service tax on apartment unit construction?

Hi , Would anyone know if the tax on an apartment unit (flat) construction is only on the labour part of the cost of construction and not the material. I see articles on the internet stating that only 1/3 of the construction cost should be subject to service tax but I am not entirely sure of this. So at the rate of 10.3% on a property of 20 lakh rupees, it should be 2000000 x (10.3 / 100) x 1/3 = 69000 rupees approximately.
Is this correct?
Thanks.

What is the best for a young man for long term savings, like unit linked pension plan et al. who offers the be

These days there are many options for pension plans with several riders ; A hordes of never heard names are floating in the market , like Aviva, Max Newyork, AXA besides our age old LIC, UTI. All claim to have best track records and offer the best scheme. I do not know whom to trust and do not understand their satistics of track records. Please tell me what is the best and how to comperhend that.

Regarding SBI UNIT PLUS II?

I invested 99000 in SBI UNIT PLUS II (49000+50000) in 2008. The Policy term is 5 years. So far I have paid 49000*4 and 50000*3. 50000 payment is due for this year. Now my agent says it is not profitable any more. Do I discontinue paying the premium? If yes, do I need to keep it alive till the end of PPT? Or if I surrender, what would be the loss?