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Yes. Small startups do not have much deductions.
Chief
Its illegal right. It's a US based startup so think they won't do anything illegitimate
Yes that's possible....
Chief
How ?
Rising Star
Don't fall in the trap.. When he/she will switch organization.. He/she will face issues.. Due to no pf deduction.. Does he/she have form 16?
Chief
Form 16 is unrelated to PF, it's for tax filing.
Regarding PF, more details can be read here: https://www.betterplace.co.in/blog/opt-out-option-in-pf/
When can an employee opt out of the provident fund?
An employee can opt out of the provident fund if the following criteria are met:
If he/she is a first-time employee i.e., at the time of joining the first job
The employee has his or her Basic + DA (PF Wages) more than Rs.15000/- per month
At the time of changing a job, only when he/she does not have an existing PF account number
I have received an offer similar like all the salary will be in hand with no pf deduction. Is it okay to join.