Nov 20, 2008
ee pee ef
Came across this mind-boggling calculations from yenc’s blog.
“ALERT!! (Applicable for Malaysian only)
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. “
Care to voice out?
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the form is call 17A. you can get the form starting on 1st december. However there is email attached form 17A circulating around which i dunno is real or fake. I received it. If u wan i can forward to you. msg me in MSN.
velverse: of course u can, but they force those who wan to remain the 11% to apply – if u didn’t do so, auto to 8%!
Awwww… we can opt not to deduct 8% and maintain at 11% rite?