Hi Gyz,
My Fixed CTC is 12,00,000 and my base pay is 6,0,000 and
PF Employer and Employee contribution combined 12,000 per month which is making my In hand salary very less.

I will be joining this company on next month end, can i ask my new company HR to readjust my salary and make basic pay to 40% of CTC thus reduce the amount. So my in take salary would be more..

Is this is right choice to do or not ??

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Depends on your requirement. If you need money in hand for some serious reasons then you can request and HR may adjust but it is highly not recommended to reduce your PF. It is your money only that you will get after retirement. So try not to touch PF money and try never to withdraw before retirement. Rest your choice.

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