Most countries have some kind of deduction to the income. It could be income tax – tax deducted at source,or it could be Provident Fund, or some other voluntary contribution. Singapore CPF Rules In Singapore, all salaried employees need to contribute 20% of their salary into their Central Provident Fund ( also called as CPF). The employer contributes another 14.5% currently. So payroll executives from Finance or HR professionals need to calculate the correct amount for the contribution to CPF, [...]