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.
CAclubindia
