EPF employer portion is non-taxable

now is 7% right

or something i forgot lol

or 11

acualy is 11%, but according to tiong nam, is only 7-8% only...

7% is employee portion i think

11 is employer

anyway lets say you earn RM2500

so you are subjected to income tax in malaysia

tax in the Rm2500 bracket is 3%

RM75 only

but you can save this RM75

nono, employee is 11%, den employer seems like 12-13%..

hmm so weird lol

so income tax is after epf?

anyway lets say employer portion is 11%

yaya... true...

ya after epf deduction

but employer portion not from your salary ma

so your salary still deduct employee portion then only tax

but then you can tell your boss

employer portion raise it up to maximum that the company policy allow

mostly is 19%

but the extra 8% comes from your RM2500 salary

8% is Rm200

So in the end deducted already your salary become RM2300 again

not subjected to income tax

but then your RM200 goes into your epf account

means park there til you're 55 years old

but its still your money lol

since after epf deduction, if my salary is rm2500 - 11% of epf (employee), alr less than rm2500 wat...

but your salary is stated there RM2500 instead of Rm2300

with this method your boss can put RM2300 as your salary

but he contribute more using your extra salary

oo..i c... so no matter wat hv to do like tat lor... but den got sth tat can deduct de amt i pay for tax rite?

that 1 is for higher paid people

like RM2500 to around 5k

income tax is 3%

but you earn more than 5k now

so you get taxed 6 or 10%

you can lower yourself to 3% bracket by using this method

oo.. but juz as u said, rm2500 only pay rm75, so still ok wat... even tou i wont c any improvement in m'sia...

ya RM75

but depends on you

RM75 you pay to gov

its not your money

will you be willing to part with the additional RM125 to save your Rm75 from the gov? lol

the downside is you wont get to use this RM200 until 55

but its still your money

ya lar.. but den when my pay more than rm5000, oso nid to b taxed wat///

ya

but if you can lower down to lower bracket

more money of yours goes to epf account

still belong to you

unless my boss willing to help me to do so, den can lor...

taxed lower means less money go to gov

can i ask my boss to open 2 cheque for me, den under diff name?

cannot lol

cause if 2 cheques

one goes to you

one goes to moumou ren

that moumou ren payment recorded as what in the accounts?

you have the accounting problem there already

erm.. if put it as commission ler?

commission also counted as income

den i hv no choice but to pay de tax lor...

or my boss willing to do for me...

lol

u go ask lor hahaha

sry lor, mayb i'll lif my current job den get rm2500 fr next job mar...

lol

ya then ask lor

but usually wont happen lol

cause the boss will only do this provided you are very valuable lol

lol!!! den i cant ask for it when my 1st mth pay lor... muz wait until my bos cant live w/o me den only can say

ya lol

den de solution is not workable oso la...

it is lol

u go ask him la

can then ok lor

wat if he said cant??! den i hv to pay unwillingly to de gov?? lol

or wat if he straightaway say since i dun wan to pay tax

den might as well gif me rm2300

FOREVER!!

lol

u think too much