I am a software engineer, i worked in two organizations in those two organization provident fund was not deducted they credited me complete salary to bank account by monthly . Recently i joined a new company in hyderabad. They have offered me 1,92000 per year that is i should have to get 16k per month .
But am getting only 14314/- am worried about this. I asked accountant to send my payslip he provided that,Those details are like this:
I asked him that my salary is 16k but why did you mentioned as 15232/- And he replied there is pf deduction from your basic salary of 12%. I wonder that the mentioned amount is 768 but the deducted amount is 1536. An he is saying that you can't check your PF balance until 6 months i don't know the reason Please let me know is my new company is doing some sort of scam or what ?is the deduction process is correct?