Thursday, November 20, 2008

EPF 8% Means Paying More Income Tax

Posted by NaZa at 12:24 PM
baru ni kan, gomen kuatkuasakan pemotongan epf 8% kan, so nak share ngn korang fwd emel yg aku dapat...

Maximun EPF deduction for Tax computation is Rm416

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, which will make the government richer. Finance Minister Najib said this measure is meant to boost up the slow-down market, but from this example we see that the money does not go into the market. Instead the money goes direct into the government's pocket through the greater amount of income tax that we will have to pay. Obviously this measure does not help the market at all. Do we still want this kind of government that doesn't have the best interest of the people in mind?

tapi aritu Najib cakap, duit epf yg xjadi potong tu xkena tax. tah la. xtau la camne dia kire nanti. tp klu ikut aku, potong cam biasa jela. lgpun, klu nk harap aku simpan sendiri.. ekek.. rasanya duit tu tetiba masuk kat account org lain kot. ahhaha

start bulan lepas, aku potong zakat, bukan tax .. semoga berkat gaji aku. hihih

4 comments on "EPF 8% Means Paying More Income Tax"

buzzybug on November 20, 2008 at 1:29 PM said...

hmmm... betul gak ek... :P tp, kite mmg tanak kurang jd 8% pun... huhu...

kirana on November 20, 2008 at 2:00 PM said...

aku tak caya kata2 bijan...
setiap tindakan ada udang disebalik mee

noniey alias on November 20, 2008 at 2:49 PM said...

aku pun potong kat zakat n baitulmal je.. thats y tak kena income tax.

NaZa on November 21, 2008 at 9:07 AM said...

buzzybug - pi isi form kwsp anto ke HR utk kekalkan 11% tu..

kirana - bijan ni bagus tau.. baik ngn peneroka felda. ekekek...

moniey - aku dh lama nk potong zakat, cuma xterbuat. so baru last month rajin. hihih

 

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