What is the PF contribution in IBM?
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According to multiple sources ([invalid URL removed], [PDF IBM India Private Limited Manyata Embassy Business Park, G2 Block, Nagwara Outer Ring Road, Bangalore – 560045, April 30, 2021]), IBM contributes 12% of your basic income towards your Employee Provident Fund (EPF) in India.
A monthly deduction of 12% is made from your pay for this payment.
IBM most certainly matches an additional 12% of what is deposited into your EPF account. This indicates that your monthly EPF contribution would be 24% (your 12% + IBM’s 12%), while the actual employer contribution may be different based on your particular employment agreement or company policy.