Epf Contribution Rate Table

For employees who receive wages salary of rm5 000 and below the portion of employee s contribution is 11 of their monthly salary while the employer contributes 13.

Epf contribution rate table. Employers are required to remit epf contributions based on this schedule. Under epf the contributions are payable on maximum wage ceiling of rs. Da and retaining allowance. To pay contribution on higher wages a joint request from employee and employer is required para 26 6 of epf scheme.

For employees who receive wages salary exceeding rm5 000 the employee s contribution of 11 remains while the employer s contribution is 12. This section 6 of the epf act states that pf contribution rate will be 10 of the basic wages i e. If an employee desires to contribute more than 10 of his wages towards pf then he can do so. The latest contribution rate for employees and employers effective january 2019 salary wage can be referred in the third schedule epf act 1991 click to download.

Although the employee s contribution rate will be same as the employer s contribution rate. Minimum employers share of epf statutory contribution rate for employees above age 60 who are liable to contribute will be reduced to 4 per month while the employees share of contribution rate will be 0. Third schedule subsection 43 1 rate of monthly contribution part a the rate of monthly contribution specified in this part shall apply to a employees who are malaysian citizens. For the exact contribution amount refer to the contribution schedule jadual or head over to the epf contribution website.

The employees provident fund act 1991 is amended by substituting for the third schedule the following schedule. Info maintenance to epf online services on 12 september 2020 saturday 07 sep info extension of september december 2020 contribution payment date. The epf receives and manages retirement savings for all its members encompassing mandatory contributions by employees of the private and non pensionable public sectors as well as voluntary contributions by those in the informal sector. Kwsp epf contribution rates.