Difference in EPF calculation by your calculator
8 years 10 months ago #281
by Kap-Chew
Replied by Kap-Chew on topic Difference in EPF calculation by your calculator
OK, fixed now. RM 21647.00 * 0.12 = RM 2597.64, then according to latest EPF schedule:
and for the months where the wages exceed RM 20,000.00, the rate of contribution by the employee shall be calculated at 11% from the amount of wages for the month, and the rate of contribution by the employer is 12% from the amount of wages for the month. The total contribution which includes cents shall be rounded to the next ringgit.
The result is RM 2598.
and for the months where the wages exceed RM 20,000.00, the rate of contribution by the employee shall be calculated at 11% from the amount of wages for the month, and the rate of contribution by the employer is 12% from the amount of wages for the month. The total contribution which includes cents shall be rounded to the next ringgit.
The result is RM 2598.
8 years 10 months ago #283
by Kap-Chew
Replied by Kap-Chew on topic Difference in EPF calculation by your calculator
It's already updated, just in case you missed out my message
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