Difference in EPF calculation by your calculator
- Ong Lian Hwa
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4 years 8 months ago #272
by Ong Lian Hwa
Difference in EPF calculation by your calculator was created by Ong Lian Hwa
Dear KC
May I know how your calculator compute EPF? I input a salary of RM21647 and the employer EPF based on my calculation at 12% should be RM2597 but your calculator showed RM2604. Why the different?
Thanks
May I know how your calculator compute EPF? I input a salary of RM21647 and the employer EPF based on my calculation at 12% should be RM2597 but your calculator showed RM2604. Why the different?
Thanks
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4 years 8 months ago #273
by Kap-Chew
Replied by Kap-Chew on topic Difference in EPF calculation by your calculator
EPF contribution is based on a formula that rounds to the nearest amount, not just a simple 21647 X 0.12
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4 years 8 months ago #274
by Ong Lian Hwa
Replied by Ong Lian Hwa on topic Difference in EPF calculation by your calculator
Dear KC
Hope you are well!
I was informed previously that we should follow the table provided by EPF Board resulting in slight differences if we were to use a straight forward calculation of salary x 12% but in this case the salary exceeded RM20000 and based upon the table the working is RM2400 + (1647 x 12%) RM197= RM2597.
Is this correct?
Thanks
Hope you are well!
I was informed previously that we should follow the table provided by EPF Board resulting in slight differences if we were to use a straight forward calculation of salary x 12% but in this case the salary exceeded RM20000 and based upon the table the working is RM2400 + (1647 x 12%) RM197= RM2597.
Is this correct?
Thanks
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4 years 8 months ago #278
by Ong Lian Hwa
Replied by Ong Lian Hwa on topic Difference in EPF calculation by your calculator
Dear KC
Hope you are well!
I was informed previously that we should follow the table provided by EPF Board resulting in slight differences if we were to use a straight forward calculation of salary x 12% but in this case the salary exceeded RM20000 and based upon the table the working is RM2400 + (1647 x 12%) RM197= RM2597.
Is this correct?
Thanks
Hope you are well!
I was informed previously that we should follow the table provided by EPF Board resulting in slight differences if we were to use a straight forward calculation of salary x 12% but in this case the salary exceeded RM20000 and based upon the table the working is RM2400 + (1647 x 12%) RM197= RM2597.
Is this correct?
Thanks
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4 years 8 months ago #279
by Ong Lian Hwa
Replied by Ong Lian Hwa on topic Difference in EPF calculation by your calculator
Sorry for the repeated message! Some errors
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4 years 8 months ago - 4 years 8 months ago #280
by Kap-Chew
Replied by Kap-Chew on topic Difference in EPF calculation by your calculator
Hi,
Not sure how to answer your question here, but I followed this statement in EPF table of 2004:
dan bagi bulan-bulan yang upahnya melebihi RM20,000.00, kadar caruman oleh pekerja ialah RM11.00 dan kadar caruman oleh majikan ialah RM12.00 bagi tiap-tiap RM100.00 atau sebahagian daripada RM100.00 daripada amaun upah bagi bulan itu.
I will update the system to the latest EPF ASAP.
Not sure how to answer your question here, but I followed this statement in EPF table of 2004:
dan bagi bulan-bulan yang upahnya melebihi RM20,000.00, kadar caruman oleh pekerja ialah RM11.00 dan kadar caruman oleh majikan ialah RM12.00 bagi tiap-tiap RM100.00 atau sebahagian daripada RM100.00 daripada amaun upah bagi bulan itu.
I will update the system to the latest EPF ASAP.
Last edit: 4 years 8 months ago by Kap-Chew.
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