of their basic pay includes 12 of employer contribution plus cough up 85 interest on the same he said nowhere in the world does an individual get paid 85 interest rate yearonyear on a provident fund scheme saving it is hard to grasp that we will be paying such a huge a huge amount of interest to expats and that too on bloated funds said amitabh singh tax partner ernst youngon the other side of the divide tax consultants were near unanimous in saying that indian employees deputed in countries with which india has not signed ssa agreement continue to suffer in uk employees are required to contribute as high as 2025 of the total salary to the social security schemes these contributions only add to the cost of the assignment without any corresponding benefit reason being neither the employee nor the employer is entitled to any benefits due to the short period for which contributions have been made to the overseas scheme said eys singhindia is currently negotiating ssa deals with netherlands czech republic usa spain portugal switzerland norway and sweden in case of indian nationals if the sum of an individuals basic salary and dearness allowance is more than rs 6500 then that person can choose to be excluded from employee provident fund coverage