Guide me plz.
This query is : Resolved
19 July 2008
I have offered CTC Rs.2 Lakhs with a Basic of Rs.8, 000/-
Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory.
If I haven’t opted PF deduction then I can take home my salary without any deduction.
If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC).
If I choose PF what benefit can I enjoy?
If not what am I loosing?
Guide me plz.
Our HR person has informed me that my Basic exceeds Rs.6, 500/- hence, PF deduction is not compulsory.
If I haven’t opted PF deduction then I can take home my salary without any deduction.
If I have opted PF deduction, then the company’s share also will be deducted from my salary (that is CTC).
If I choose PF what benefit can I enjoy?
If not what am I loosing?
Guide me plz.
19 July 2008
The benefits:
1. Carries a better intt rate
2. Intt income is tax free
3. Deposit is Deductible u/s 80C
4. The fund is not attachable
5. Forced savings
1. Carries a better intt rate
2. Intt income is tax free
3. Deposit is Deductible u/s 80C
4. The fund is not attachable
5. Forced savings
19 July 2008
If i'm not opted PF?
19 July 2008
Besides the benefits, you are loosing nothing.
21 July 2008
yeh this is good question yaar.
if u choose for pf , the employer contribution will be exepted u/s 10.
this is the only the differnce.
if u choose for pf , the employer contribution will be exepted u/s 10.
this is the only the differnce.
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