1. What is EPF Contribution?

The Employees Provident Fund (EPF) is a compulsory savings scheme for Malaysian employees and employers. The employee's contribution is calculated as a percentage of their gross salary.

2. How Does the Calculator Work?

The calculator uses the EPF contribution formula:

Where:

• \( Gross\ Salary \) — Monthly salary before deductions (MYR)
• \( EPF\ Rate \) — Contribution percentage (typically 11-13%)

Explanation: The calculation is straightforward multiplication of gross salary by the EPF contribution rate.

3. Importance of EPF Calculation

Details: Accurate EPF calculation ensures correct savings for retirement and proper financial planning for employees in Malaysia.

4. Using the Calculator

Tips: Enter gross salary in MYR and EPF rate in percentage (typically between 11-13%). All values must be valid (salary > 0, rate between 11-13).

5. Frequently Asked Questions (FAQ)

Q1: What is the standard EPF contribution rate?
A: The standard employee contribution rate is 11%, but it can vary between 11-13% depending on government policies.

Q2: Is there a maximum salary limit for EPF?
A: No, there is no maximum salary limit for EPF contributions in Malaysia.

Q3: How often should EPF be calculated?
A: EPF should be calculated monthly along with salary calculations.

Q4: Are bonuses included in EPF calculation?
A: Yes, bonuses are subject to EPF contributions as they are part of gross salary.

Q5: Can I contribute more than the standard rate?
A: Yes, employees can voluntarily contribute more than the standard rate through EPF's voluntary contribution scheme.