If you opt for 8%, income tax payable naik? 
Jan 29 2016, 01:47 PM
QUOTE(daijoubu @ Jan 29 2016, 01:42 PM)
Money used to calculate tax includes whatever that enters your EPF.
Whether you put 8% or 11%, it is taxed.
Basically what happens is that most Malaysians, lower - middle income bracket already no more money. So gov allow you take 3% back instead of contributing to EPF, so this money can be spent, and out of the 3% you take back, 6% of that amount will eventually to go government because of GST
In other words, spend less and save more.Whether you put 8% or 11%, it is taxed.
Basically what happens is that most Malaysians, lower - middle income bracket already no more money. So gov allow you take 3% back instead of contributing to EPF, so this money can be spent, and out of the 3% you take back, 6% of that amount will eventually to go government because of GST
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