TNS: Forwarded mail!! Believe or not!!!?

TIU NIA SENG!

This only will affect the Gross income between RM2870 - RM6250.

English Translation :

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 wee 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. Do we still want this kind of government that doesn't have the best interest
of the people in mind?

假设 薪水RM4000，

- 选择 EPF 11%也就是RM440，taxable income 是RM3560，所以tax RM77
- 选择 EPF 8%也就是RM320， taxable income 是RM3680，所以tax RM109

TIU NIA SENG!

有没有这样的可能？政府揾我们笨！

TIU NIA SENG!

TNS: %&$ Bloody Bastard!!!!!

Tiu Nia Seng!
Who give us the right to actually vote this bastard into Parliament to shout 'Bastard' at others!!
This is very Uncivilized!
Tiu Nia Seng!!!!

TNS: its my money OK....

TIU NIA SENG!!!!

HOW MUCH CAN A FEW % MAKE A DIFFERENCE!!!?????? EVERY MONTHS???
BUT I KNOW ANNUALLY, AS AN EMPLOYEES, I LOST MY DIVIDEND...!!!!!!!!!
THEY SHOULD INSTEAD ALLOWS PEOPLE WHO WANT TO HAVE LOWER CONTRIBUTION TO FILL UP THE FORM AND APPLY!!! NOT REGULATE STRAIGHT...!!!!!!!!!

STUPID GOVERNMENT

TIU NIA SENG!

________________________________

Friday November 7, 2008

EPF to adjust members' contributions to 8% from January

PETALING JAYA: Employees Provi­dent Fund (EPF) members will be able to benefit from the three percentage point reduction of their monthly contribution rate from January.

In a statement yesterday, EPF said the reduction of the employees’ contribution from 11% to 8% would be made automatically for the ease of members and to facilitate implementation measures.

“This arrangement will be implemented until the December 2010 wage,” said EPF public relations senior manager Nik Affendi Jaafar in a statement yesterday.

However, members who wish to maintain their 11% contribution rate can still do so by filling up Form KWSP 17A (AHL) and handing it to their employers for submission to EPF.

Finance Minister and Deputy Prime Minister Datuk Seri Najib Tun Razak announced recently that members could reduce their monthly contributions from 11% to 8% to give them more disposable income. The announcement was part of a stimulus package to help boost economic growth.

“The decision to reduce members’ statutory contribution rate was taken twice before in 2001 and in 2003 as part of economic stimulus packages,” said Nik Affendi.

EPF would be issuing a new monthly contributions schedule accordingly, he said.

“Members and employers may obtain the new schedule and Form KWSP 17A (AHL) from all EPF branches or download them from our website at www.kwsp.gov.my from Dec 1 onwards,” he added.