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Guide me plz.

This query is : Resolved 
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(Querist)
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.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
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
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RamaKrishnan

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RamaKrishnan (Querist)
19 July 2008 If i'm not opted PF?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
19 July 2008 Besides the benefits, you are loosing nothing.
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Sambu Suresh

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Sambu Suresh (Expert)
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.
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