Employee Contribution

What is Employee Contribution?

Employee Contribution defines as an amount deducted from the salary for employee benefit programs such as employee pension schemes, employee provident funds, state insurance, etc.

For example, 15% of an employee’s basic pay is deducted from the employee’s salary and deposited in the employee state insurance account monthly by the employer. Then it is the employee’s contribution for his or her own good.

Also, See: Employer Contribution