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 Lets talk salary v5

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wild_card_my
post Sep 20 2013, 11:21 PM

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QUOTE(fruitie @ Sep 20 2013, 06:14 PM)
Most of the time gross salary, how to give you an accurate net salary off hand? sweat.gif
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What is so difficult about it? We know that EPF contribution deducts 11% off your gross, there's SOCSO for RM14.75, and beyond a certain range, you get to use the tangga cukai to calculate PCB. Unless you are earning commission (which nature makes it difficult to calculate the net salary in the first place), knowing the net salary can be done by using simple calculations smile.gif

I know this because I see people's salary 10 times a day smile.gif I don't share it with anyone, but when people ask, which industry they should be in and which job should they take, i can immediately give them suggestions smile.gif
wild_card_my
post Sep 20 2013, 11:48 PM

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QUOTE(djronzai @ Sep 20 2013, 11:43 PM)
Hi there, you sound professional, based on my case, i got basic salary 2350, + allowance rm400, is my pay considered low pay for a first class fresh graduate in IT field?
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Thank you, if you think I am good, well if you know anyone who is interested in getting a mortgage, send them to me. I will TEACH them!

Back on topic, that salary is good for a fresh graduate. Not on the low side, and not on the high side. IT is a competitive field, many are paid less than what you are being offered. Sure, there may be some better offers, but it is within the acceptable ball park.

Some of my IT background clients are earning RM2200 and 2000...

edit: And to answer your question, most salary quoted is GROSS salary. If the salary your are offered with is less than RM3500, just minus 12% off that salary to get aBALL PARK figure of your net salary smile.gif


This post has been edited by wild_card_my: Sep 20 2013, 11:50 PM
wild_card_my
post Sep 21 2013, 01:08 AM

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QUOTE(fruitie @ Sep 21 2013, 12:42 AM)
smile.gif I see people's salary all the time as well. Used to be part of my job, buy these days I'm more to supervision role. smile.gif
Well, of course what you said is true, and you will need to calculate your annualized tax as well, put in the YTD tax deduction and EPF contribution to ensure accurate tax deduction.
Just saying. smile.gif
In nutshell, what I was trying to say, they always give gross salary figure.

I can always give an estimation amount but most of the time I don't do it unless the employees want from me.
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Noted. And I was trying to tell the previous poster about how to ballpark the net income. But yeah, the quoted salary is usually gross salary, least that is the practice in Malaysia.

Thanks for sharing anyway

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