Is Skipping PF Benefits Now a Risk for My Future Job Prospects and Financial Security?

I have recently joined a company as a Senior HR Executive in the training and development department. My concern is that my salary breakup does not include PF benefits. Could this be impacting my future job prospects in any way? Is it mandatory to take advantage of this facility? At the moment, I do not wish to avail of this benefit as I am receiving my full salary amount without any deductions.

If I were to request management to include this benefit in my salary breakup, they might adjust the PF amount within the current CTC without contributing any extra amount themselves. Can anyone help me navigate the necessary steps to ensure future financial security?

Regards,
Maninder Singh

From your descriptions, I understand that your salary is above Rs. 6500/-. Your company may do the same as you mentioned later if you insist on PF. The cutoff rate of Rs. 6500/- was set much earlier. Our government will take its own time to rectify and update. It is better to solve the issue within the department since you belong to the same.

Regards,
Benny Thomas

Since you are working without deducting PF in your current job, it will not affect your job in the future. However, for future savings, PF deduction from your salary is a good investment for the future.

Regards,

If your basic salary exceeds Rs. 6500, you are exempted from PF, making it optional. However, PF is mandatory for salaries below Rs. 6500. In your case, there should be no problem. The company should have collected an EPF exempted form (I think it is Form 11) from you and filed it.

Regards,
Vishwanath