The contribution payable by the employer under the Scheme is 12 percent of the wages of an employee. The contribution payable by the employee under the Scheme is equal to the contribution payable by the employer in respect of such employee. [Section 6 & Para 29] Where the monthly pay of an employee exceeds six thousand five hundred rupees the contribution payable by him, and in respect of him by the employer, shall not be under an obligation to pay contribution over and above on monthly pay of six thousand five hundred rupees [Para 26A]