As per the latest laws in effect, an employee needs to contribute 12% of PF Gross as PF contribution.
The employer also needs to contribute 12% of the PF Gross as a contribution to the employee's account.
The rate is generally published by the government. In case there is a change in the percentage then we can make the modifications in the PF and Employer PF formula.
What is the contribution or deduction percentage for PF?
