r2i forum

[QUOTE=RRK;356649]There are two problems with this approach. (1) the employee is taking home less pay - affects his current life style very much. The cut is huge. (2) more money is invested in conservative investments. I hate these 8.5% schemes used for long term goals like retirement. It erodes ...

#4 RRK Your example calculations are perfect. The additional 144K contribution is coming from the total CTC (by reducing another allowance by an equal amount and keeping the total CTC same as previous). The justification from HR is that this additional money is going to the EFP fund which employee ...

I have been notified about this new regulation and amendment by my employer. Prior to this 12% of basic pay is contributed towards PF account and similar amount is matched by the employer. With this regulation my HR also indicated the contribution amount is calculated using the total salary (not ...