5 replies on this article “Stopping PF Account or reducing % of contribution?”

1. Ashal Jauhari says:

   February 8, 2013 at 10:47 pm

   Dear Raju, if your employment comes within the regulation of PF act. you can not escape from this Axe. As on date, the matter is postponed, so relax. You may negotiate your salary structure structure within the same CTC, if your employer permits to minimize the impact.

   thanks

   Ashal

   Reply
2. Vikas Choudhary says:

   February 8, 2013 at 2:22 pm

   Currently decision has been postponed .Employees engaged on CTC basis will have more impact on take home,but in long term it will be benefited if you are able to manage because it will be exempted from tax ,secondly more fund will be available for retirement. Vikas

   Reply
3. raju says:

   February 8, 2013 at 1:59 pm

   If Govt says at some time in Future, Employees cant withdraw all PF money after retirement ,has to contribute to some war, country debt or infrasturcture development etc..Anything can happen with Govt decisions..All your retirement savings are vanished, i have seen situations where Govt cancelled scholarships due to Kargil War,funds diverted to defence

   Taking 12% of Gross is big burden on my take home salary, again Employer will cut from our CTC only, they will not increase their share,instead i can go with ELSS mutual funds instead of EPF..

   Reply
4. bharat shah says:

   February 8, 2013 at 1:52 pm

   and i think , if it happens, the contribution from employer would increase , and thus retirement kitty. so not bad.

   Reply
5. Free Financial Calculators says:

   February 8, 2013 at 11:52 am

   I thought this kept in abeyance as of Dec. 1 2012? If it is imposed then not much one can do with the mandatory contribution. Don’t understand what you mean by
   “not sure abt the getting back from Govt changing rules every year”

   Reply

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