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• ALERT!! (Applicable for Malaysian only)

  2008-11-19 4:04PM / 標準BLOG / 會員可以看
  

  NOTE:

  Assume monthly basic salary is RM4000.

  If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM 3560, income tax payable = RM77.

  If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM 3680, income tax payable = RM109.

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