Provident fund contribution rules define employer and employee rates, wage ceiling limits, rounding, and currency conversion. Employer and employee contributions under the Employees' Provident Funds Scheme are jointly payable in respect of each member, with the employer's contribution fixed at twelve per cent of wages and the employee's contribution equal to that amount. A lower rate of ten per cent may apply to notified establishments, and the Central Government may specify different employee contribution rates or defer or reduce contributions during a pandemic, endemic or national disaster. Contributions are limited by the notified wage ceiling, calculated on wages actually drawn or payable during the month, rounded to the nearest rupee, with foreign-currency wages converted at the State Bank of India's telegraphic transfer buying rate.