u are totally correct. that is why company like to give elaun. for company, company can escape from epf for u, but as an employee rugi la....1 side kena tax, 1 side boss no epf on it..

So if u are SMART. talk to boss...tell boss to convert the elaun to EPF, which is increase your epf rate. This way, government wil not be able to get your money.

But how much is your salary, if only have few thousand permonth, dont waste time think how to save money, think how to earn more better. Because few thousand salary only need to pay few hundred dollar tax...so give pak lah lah....