Example: Salary of RM2,000 for an employee
|The employer needs to pay||RM260|
|The employee needs to pay||RM220|
|The employee actually only gets the salary of RM1780|
|The employer needs to pay the government||RM480|
The calculation of the contribution amount must follow the
Third Schedule of the EPF Act 1991. Also, try not to use the exact percentage for the contribution rate, except for those who have salary of more than RM20,000.
Source From: https://www.kwsp.gov.my/employer/contribution/all-about-your-responsibility