Thursday, November 20, 2008

EPF 8% Means Paying More Income Tax?

Thursday, November 20, 2008

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.


Got this from email. True or not? Why the G's only know how to suck blood?

2 comments:

Arrivu

The above statement is only half truth. Go to my recent blog, Debunking: EPF 8% Means Paying More Income Tax!!??? for more info.

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