Under the scheme, Employees' Provident Funds and Miscellaneous Provisions Act, 1952, an employee contributes a certain amount towards EPF on monthly basis & an equal contribution should be made from the employer's end.
Provident fund contribution is mandatorily either of the following:
Case 1: If your basic salary < 15000 (per month)
Contribution: 12% of the basic salary
Case2: If your basic salary > 15000 (per month)
Contribution: In this case the company has an option to either contribute 12% of 15,000 (i.e. 1800) or 12% of Basic salary.
Therefore, 12% of the basic salary is contributed by the employer and the other 12% is contributed by the employee. Normally, we see that the contribution from the employer can not be seen in the payslip but can only be seen your offer letter. The contribution that is made as a part of your salary is called EPF and can be seen in the payslip. Contribution to the provident fund is mandatory for Indian companies.