Difference in EPF calculation by your calculator

Ong Lian Hwa
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4 years 3 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

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Kap-Chew
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4 years 3 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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Ong Lian Hwa
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4 years 3 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

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Ong Lian Hwa
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4 years 3 months ago #278 by Ong Lian Hwa

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

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4 years 3 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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Kap-Chew
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4 years 3 months ago - 4 years 3 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 3 months ago by Kap-Chew.

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