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To: zuraida mohd ibrahim <[EMAIL PROTECTED]>
Sent: Thursday, November 20, 2008 2:29:08 PM
Subject: Fw: [kelakarnyer] EPF 8% Means Paying More Income Tax ( For High
Income Group )
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From: siti mazniza zainul idris <[EMAIL PROTECTED]>
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Sent: Wednesday, November 19, 2008 8:16:29 PM
Subject: [kelakarnyer] EPF 8% Means Paying More Income Tax ( For High Income
Group )
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Sent: Wednesday, November 19, 2008 4:40:05 PM
Subject: Fw: EPF 8% Means Paying More Income Tax ( For High Income Group )
Thanks & Regards,
Siti Mazniza Zainul Idris
Piping Engineer
Ameron Malaysia - TSG
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Azlina Isa/AMERON/SG
11/19/2008 04:38 PM To Yuhana Kassim/AMERON/ [EMAIL PROTECTED], Mardiana
Yatim/AMERON/ [EMAIL PROTECTED], Norainon Rahman/AMERON/ [EMAIL PROTECTED],
NorAzlina MohdJadi/AMERON/ [EMAIL PROTECTED], Nur_Al_Faezah Mohamed/AMERON/
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BinSulaiman/ AMERON/SG@ AMERON, Azmi Abd Hamid/AMERON/ [EMAIL PROTECTED],
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Subject Fw: EPF 8% Means Paying More Income Tax ( For High Income Group )
Mmg betul pun.....
fyi
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
taxto 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 pocketthrough
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?
