Hello All,
I have a few queries regarding PF??
I am working in a startup IT company where the total no. of employees is less than 20 and my basic salary is more than 6500 .
The company has included their PF contribution of 3349.20 in my CTC and is showing the deduction as follows:
Employee Contribution-3349.20
Employer Contribution 3349.20
Professional Tax.-200
TDS-3390.
Please note that in my previous company my basic was 12000 and I had opted out of PF.
Hence my query is the above deduction correct and can I opt out of the PF scheme-if so what do I have to do.
An early response will be highly appreciated.
Regards.
Saurav
I have a few queries regarding PF??
I am working in a startup IT company where the total no. of employees is less than 20 and my basic salary is more than 6500 .
The company has included their PF contribution of 3349.20 in my CTC and is showing the deduction as follows:
Employee Contribution-3349.20
Employer Contribution 3349.20
Professional Tax.-200
TDS-3390.
Please note that in my previous company my basic was 12000 and I had opted out of PF.
Hence my query is the above deduction correct and can I opt out of the PF scheme-if so what do I have to do.
An early response will be highly appreciated.
Regards.
Saurav