Difference in EPF calculation by your calculator

Ong Lian Hwa
Topic Author
Offline
New Member

4 years 9 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

Please Log in or Create an account to join the conversation.

Kap-Chew
Offline
Administrator

4 years 9 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

Please Log in or Create an account to join the conversation.

Ong Lian Hwa
Topic Author
Offline
New Member

4 years 9 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

Please Log in or Create an account to join the conversation.

Ong Lian Hwa
Topic Author
Offline
New Member

4 years 9 months ago #278 by Ong Lian Hwa

Replied by Ong Lian Hwa on topic Difference in EPF calculation by your calculator

Please Log in or Create an account to join the conversation.

Ong Lian Hwa
Topic Author
Offline
New Member

4 years 9 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

Please Log in or Create an account to join the conversation.

Kap-Chew
Offline
Administrator

4 years 9 months ago - 4 years 9 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.

Last edit: 4 years 9 months ago by Kap-Chew.

Please Log in or Create an account to join the conversation.

Time to create page: 0.050 seconds