Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
Employer’s contribution towards EPF would be Rs. 550 *3.67% of 15,000) Total monthly contribution towards EPF = Rs. 2,350 (Rs. 1800 + Rs. 550) Considering the current EPF contribution rate to be 8.5%, the monthly interest on EPF would be- 8.5% of 2,350 (8.5% of monthly EPF con...
Employer’s contribution towards EPS = 8.33% of Rs 60,000 = Rs 4998 Employer’s contribution towards EPF = 3.67% of Rs 50,000 = Rs 2202 So the Total EPF contribution every month = Rs 7200 + Rs 2202 = Rs 9402. The EPF interest rate for FY 2020-21 is 8.50%. So let’s use this...
我们的账户会分成两个户口, 第一户口 (Akaun 1) 和第二户口 (Akaun 2),这些都是我们以后退休的养老金。 我在这列出 KWSP 公积金历年缴纳率 % (Kadar Caruman KWSP/ Contribution Rate): 我也在准备了 KWSP 公积金历年的利息。 基本上,Akaun 1 是不能动的,因为是给我们以后退休的养老金,不过公积金局为了...
Now this amount of Rs 4.7 lakh in EPF Account 2 (Taxable Contribution) will generate interest. Let’s say you generate a total of Rs 35,000 interest on this amount (check thelatest EPF interest rate history). Since you have to pay the tax on this as per your tax slab, let’ say ...
“This suggests a significant contribution from rooftop solar units. Additionally, large synchronous generators played a vital role in maintaining system inertia, ensuring grid stability throughout the day,” the CEB said. The CEB had run its large hydro plants, during the night peak and also dayt...
833 a month to PF i.e has a basic salary of up to Rs 1.73 lakh a month will not have to pay the tax.But whether the interest will only be taxed in the year of contribution, not after it isstill not clear.This only applies to EPF and not PPF.This article explores how does Tax...
Once the contribution is made through VPF, it is treated exactly like contribution through PF – there is no difference. VPF is deposited to your existing PF account. Therefore, all rules that apply to interest rate/loan/transfer/withdrawal from EPF apply to VPF as well. When you transfer/wi...
Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.