Salary Breakdown and Deductions
You have asked for very detailed information. Salary depends on the package or the CTC (Cost to Company). It comprises Basic Pay, DA, HRA, CCA, and other allowances (like conveyance, uniform, tiffin, etc.). Deductions consist of "Statutory Deductions" like EPF at 12%, ESI at 4.75%, PT as prescribed, TDS for individuals, etc., as well as "On Account" deductions (like advance/loan installments, LIC, savings, fines, penalties, etc.). The difference between the two is the "Take-Home Salary." Bonus and Gratuity are annual and terminal benefits, respectively.
Bank Account Requirement for PF
You do not need to have a bank account specifically for PF. PF is deducted from your salary and is deposited with RPFC, who maintains your account. However, you need to have a bank account for the credit of your salary. You can also mention this bank account to RPFC authorities at the time of withdrawing the deposits from your PF account.
Regards