EPF or ppf? 
 Every salaried employee pays epf( rather it's gets snatched by govt). 
 Ppf is a choice.

Software Engineer

Do you pay PF

Software Developer

Do you pay PF- Grapevine

Welcome to Personal Finance's Private Community

In my payslip I see both pf employee and employer. Ideally 1800 should be deducted from my salary so why is 1800*2 is being deducted. Looks like I am paying for the employers share of contributions too. Why so ?

Noticed in payslip- PF Employer is being deducted from my pay. Why?

Customer Success

Welcome to Office Gossip's Private Community

I had been toiling in my current organization for a good while despite the compensation not being totally fair. Whenever I brought this discussion up with the CEO, he always played the friend card and promised to give me what I deserve once the company raises the next round. He also claimed to have supposedly saved me from the layoffs which was completely in his control in the first place. Now I got a better offer, kind of like a dream offer- one that I well deserve, and have convinced a challenging panel to get. One small concern is that during the initial stages of the application, I lied about how much I was getting paid currently. Now that I actually made it and got the offer, I have to submit the documents. How far are these things taken seriously?

Will payslip verification be taken seriously?

Digital Marketing

Welcome to Software Engineers's Private Community

Hello,
I am expecting an offer letter from a company based outside India. They are quoting their salary figures in USD. 
I wanted to get an idea from the members of this group about the things to keep in mind while being paid in USD.
How much would I have to pay in conversion fees? Or does the employer typically take care of that?

I would need to provide them with invoices every month, for which they will pay me. So I have to take care of the tax on my own.

Does this mean that PF is not an option or can I deposit PF myself somehow?

What other kind of issues should I keep in mind?

Salary from Foregin Based Startup

Mechanical Engineer

Following wester consumerism blindly is the reason when most DINK couple decides not to have kids. The age old colonial term of "civilising the brown is white man's responsiblity".
Let me burst this bubble of ever happy life and not having dependency of kids,they are not investment,etc etc.
 I wont highlight if its right or wrong here for it lots of post are there. I better highlight what will happen after next 20 30 years as I can learn from west(USA) lifestyle pattern.
All these people have kept most of their money in *paper* assets like PF,Bank FD,stocks. Reason for highlighting the word paper will see.
 As the number of oldies will increase over youngsters. Govt will need more youngsters as economy is worked upon by them. No loan takers,no new consumers. What will happen stock prices will fall,same goes for bank interest ,in worst case you wont be ablw to withdraw your principal even(happening in australia, people have to inform why they are withdarwing cash to bankers).
Next for pf: when ww contribute to PF we pay foe the payback of current retired generation or basically we are paying their debt. But due to lack of youngster no one will pay your debt so forget your PF as well.
This is how your money bubble of Crores will vanish. 
There is a term debt to gdp ratio, ever heard? Its the debt taken by govt from future generations to develop current lifestyle. Hence still govt need people to sustain and payback that debt so they will allow illegal immigrants ( what you are seeing in USA and Europe in name of "multicultralism").
And you know what? These rowdy immigrants will fill your city and you will become second class citizen why cause its democracy and majority rules. Noone will protect you leave alone police actually there is no one "left" to protect you( read statements of Canadian police regarding car thefts you will find similarities).
Still oldies are there so new experimentation on assisted suicides(Canada is leading the way in current timeframe).

A letter to DINK couple

🤣🤣🤣 
 Love this! Trying to force opinions on people in "their" way. 
  
 You like kids? Have them. 
 People who don't want. Leave them alone. 
  
 Parents or non parents, no one is taking those money with them. Might as well enjoy this life than paying lakhs in school fees. 
  
 Yea yea "bet your parents didn't think that way". Honestly, tshould have.

Consultant

Welcome to Indian Startups's Private Community

What's the %PF contribution you make from your salary ? Is anyone aware of this percentage can be reduced?

What's your pf contribution

Associate Product Manager

Why do some companies hire via third party payroll.
Secondly what things a person shall be wary of before joining on thir party payroll

3rd Party payroll

Welcome to Business Roles's Private Community

Is it okay to provide last 3 months payslip for pf contribution verification for bgv?
New company has asked for my pf passbook.
I don't have that since my company is exempted from that it manages its own pf.
Can anyone please let me know?
Will bgv check the whole pf contribution I made for my 4.3 yoe?

Pf check

Hey guys, I left my previous company on Mar22. I accumulated sizeable pf amount. Then I made a switch to new company. In may22, i get a message from PF that they are auto transferring my previous pf balance to new pf account. However, i now realised that my amount had been deducted from prev account but never credited to new account. Can anyone please help?

Need help on PF

Growth Manager

Welcome to IT Company Discussion's Private Community

Requesting assistance on choosing Rs. 1800 as PF amount or 12% of basic pay as PF.
I know 12% of basic pay will also increase employer's share and it is good but any other thoughts and benefits with Rs. 1800 option?

P.S. i am in 30% tax bracket

Should i keep Rs. 1800 as fixed PF amount or go back to 12% of Basic Pay as PF?

Solution Architect

Is 1800 deduction better or Maximum deduction 12% is better? Please elaborate your opinions.

MinPF vs MaxPF

Hi Everyone,I am little confused about how this Pf work.As per ss1 total Pf should be somewhere around 15k+ but it is showing 11k only can someone explain hoe this works.
TIA.

About Pf

Asked to resign. What are all options do I have?

I am a 2023 cs grad ,joined an mnc at 7 .44  base 12 CTC,worked there for an year(6months internship+6months full time)
Switched to a series a startup at 16.35l base all fixed ,it's been 3 months now and the wlb is very agreesive although the learnings is good and I am working on core genai,llms,classical models,but want to switch to a chill minc with a. Decent 30 percent hike
Is it fine? Will it look good on resume?

Is it okay to switch after every 1 year

Data Scientist

Am I the only one who feels EPF alone takes major portion of the Rs 1.5 lakhs exemption limit under Section 80C? 😵‍💫

Do you pay PF

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