evidence: Union Budget 2018: Govt to pay 12% employer EPF contribution for 3 years for new workforce [...] The government will pay the employer’s contribution of 12% of basic salary towards the retirement corpus of individuals in the Employees’ Provident Fund (EPF) in the first three years of employment. [...] "I am happy to announce that the Government will contribute 12% of the wages of the new employees in the EPF for all the sectors for next three years," finance minister Arun Jaitley said in his budget speech.