kenlaw investment
What is the outcome for our tax payment after EPF contribution less 3% ?
if you earn less then rm6250 per months, then you need to pay more tax.
if you earn more then rm6250, then you pay same tax.
Please look at the picture.
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Bursa FreeMan
The RM6000 tax deduction for EPF is not purely for EPF contribution. Those RM6000 include both EPF contribution and life insurance.
In other words, that person in Case B might be paying the same income tax if he has another amount from life insurance.
2016-02-01 21:35