Guide me plz

Others 1084 views 3 replies

Student

120 Points Joined March 2007

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.

Replies (3)

Practising Chartered Accountant

931 Points Joined April 2008

if u choose PF, u will get chapter VI deduction for it...thats all. If you do not chose PF u can make other investments for tax saving.

Manager-Accounts

87 Points Joined April 2008

If you choose PF option and remain continue on same PF account number for 10 years and more...You are entitled for Family pension fund

M.Sc. (Maths) MBA LLB (DU)

694 Points Joined July 2008

go for PF, it is better option.

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