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

Hmm...good point there

If you mean PCB (Potongan Cukai Bulanan) calculation, it is actually quite complicated, even though you can refer to LHDN for sample calculation

Good point. Kena tanya kat kawan aku at LHDN. Thanks Seager for raising this question. I love you.

Kawan aku takde kat opis laa pulak. Lelz. Btw she is hhhnnnghhhhh lady 

did a fast calculation



just estimate only.. consider individual exemption only..
any HR/tax master can correct me if i'm wrong..

poorfags will be taxed higher but not so much that it eat up the whole 3%
either way, its a middle-class BR1M.. cukurrrrr...