Hi All,
this is my first post.
I have two queries
1. my basic salary is around 27000 per month. can i choose not to contribute to the PF. if i can do that and i contribute nothing what happens to the employer's contribution. is it sent to PF or is it paid out as part of monthly compensation? also is this under company's discretion about what the PF contribution I will make??
2.the pf and gratuity deduction....are they tax exempt at at deduction or point of investing i.e. while calculating tax is it calculated after all deductions have been made?
regards,
Abhishek
this is my first post.
I have two queries
1. my basic salary is around 27000 per month. can i choose not to contribute to the PF. if i can do that and i contribute nothing what happens to the employer's contribution. is it sent to PF or is it paid out as part of monthly compensation? also is this under company's discretion about what the PF contribution I will make??
2.the pf and gratuity deduction....are they tax exempt at at deduction or point of investing i.e. while calculating tax is it calculated after all deductions have been made?
regards,
Abhishek