Hello, When I had the discussion regarding salary during the interview, I was told that "You can now opt out of PF." Even though I was concerned and asked about the EPF being mandatory 2-3 times, when I received my salary, there was a deduction of 3600 (EPF from both the employer's and employee's side). When I asked for clarification, they said that since it was deducted earlier, it's mandatory. Now, my take-home salary is reduced by 3600. So, the question is: should I ask the management to increase my salary as per the discussion, or should I not ask them?
From India, Noida
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From India, Noida
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Has it been given in writing that you can opt out? If not, then the case is not valid. Also, unless you have filled the PF forms, they wouldn't have the option to create a PF account. In that case, again, the case becomes void. PF exemption can be considered in a specific scenario. Please refer to the earlier post.
Now that it's deducted, it will continue. It's not a deduction; it's savings. That's the concept behind it.
From India, Chennai
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23Now that it's deducted, it will continue. It's not a deduction; it's savings. That's the concept behind it.
From India, Chennai
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SALARY with out PF Deduction.xls