Should Employees with a 23,500 CTC Choose PF and ESI Deductions for Better Benefits?

Should an employee opt for PF and ESI deductions?

An employee's salary is 23,500 CTC. Should he go for PF and ESI deductions or not? Which option is more beneficial?

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ESIC and PF Considerations

ESIC does not apply to him at the moment, and voluntary membership is not an option.

Benefits of PF

PF is always good to have. First, it gives you compulsory savings with an attractive non-taxable interest. Then there is a contribution from the employer. So it does make sense to opt for PF.