Search This Blog

Showing posts with label PRS. Show all posts
Showing posts with label PRS. Show all posts

Thursday, February 4, 2016

Revisit to Reduction of EPF 11% to 8% Effect on Income Tax

First thing first, I did not expect that I would revisit this issue so soon.  The popularity of the previous post this issue titled "How Does Reduction of EPF Deduction from 11% to 8% Affects Your Income Tax?" had been beyond my expectation.  Therefore, it is only right for me to revisit this article.  Plus, a few readers (WeeHing, MiD, mohdnajmie, OCD, Yu Wei Lim) pointed out there were errors in the calculations.  Guys, you were right.  There were several errors in the tables.  I had only realised it today when I decided to recreate the table from scratch.