EPF Contribution

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8 months 3 weeks ago #1079 by MAX
MAX created the topic: EPF Contribution
Hi, my salary is RM3875. Employee EPF contribution is 11%, which is RM426.25.
But according to HR.my payslip, employee EPF contribution of 11% is RM425.00 which is abit different with my calculation.

May I know how HR.my get the figure of RM425?

Thank you.

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8 months 3 weeks ago #1080 by Kap-Chew
Kap-Chew replied the topic: EPF Contribution
According to KWSP, there is some rounding off rules that apply.

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8 months 3 weeks ago #1083 by MAX
MAX replied the topic: EPF Contribution
Sorry, I am new to HR field.

I found a list from KWSP website which is about rate of monthly contribution and the employee EPF contribution rate for RM3875 is RM427.

Web>> www.kwsp.gov.my/portal/en/web/kwsp/googl...bmit.y=0&submit=btnG

is it possible for me to overwrite the EPF rate in the system?

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8 months 3 weeks ago - 8 months 3 weeks ago #1084 by Kap-Chew
Kap-Chew replied the topic: EPF Contribution
Er... I am not sure how did you get the result of RM425 from HR.my for "RM3875. Employee EPF contribution is 11%, which is RM426.25."

I have just checked HR.my, the result was RM 427.

And according to KWSP: The total contribution which includes cents shall be rounded to the next ringgit. -> www.kwsp.gov.my/portal/documents/10180/1...6_04022016_Final.pdf
Last Edit: 8 months 3 weeks ago by Kap-Chew.

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8 months 3 weeks ago #1085 by MAX
MAX replied the topic: EPF Contribution
Yesterday when I tried with salary RM3875, the payroll did showed EPF contribution is RM425. But now it is back to normal, showing RM427.
Thanks for your information.

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8 months 3 weeks ago #1086 by Kap-Chew
Kap-Chew replied the topic: EPF Contribution
Strange... nothing was done to the payroll module yet... Anyhow I am glad that it works for you now :lol:

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