Guide me plz

RamaKrishnan (Student ) (120 Points)

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.