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Wednesday, December 10, 2008

EPF 8% Means Paying More Income Tax

Assume monthly basic salary is RM4000.
- If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM3560, income tax payable = RM77.
- If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM3680, income tax payable = RM109.

Conclusion : If you choose to contribute 8%, you will end up paying more income tax to the government

1 comment:

"SENDERO DE VIDA" CATAZAJÁ said...

Hola todos mis buenos deseos y saludos para tí...