An employee’s salary is 23500 CTC. Should he go for PF and ESI deduction or not? Which option is more beneficial?
From India, Jaipur
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From India, Jaipur
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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.
From India, Mumbai
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2510ESIC 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.
From India, Mumbai
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SALARY with out PF Deduction.xls
PF & ESI.zip
Presentation PF&ESI.ppt