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[MUST READ BEFORE PROCESS JULY 2022 PAYROLL] Effective July 2022 salary/wage (August 2022 contribution month), the employee’s EPF contribution rate reverts back to 11% instead of 9%.

EPF Employee's Contribution Rate

[MUST READ BEFORE PROCESS JULY 2022 PAYROLL] Effective July 2022 salary/wage (August 2022 contribution month), the employee’s EPF contribution rate reverts back to 11% instead of 9%.

Effective July 2022 salary/wage (August 2022 contribution month), the employee’s EPF contribution rate reverts back to 11% instead of 9%. Please be reminded that 9% is no longer an option as 11% is the minimum rate according to Third Schedule, EPF Act 1991. Hence, please upgrade your Payroll System to latest version and do the correct setting before processing your July 2022 Payroll.

 

For SQL Payroll System users, please upgrade your SQL Payroll System to version v182 or above. 

 

 

Please go to Payroll -> Maintenance ->Maintain Contribution

 

 

Check all the Contribution Table you have created.

Make sure the Employee EPF Rate is set to “A” or “11%”.

 

 

If  the Employee EPF Rate setting is  “9%”, please change to “11%”. Especially for those not using the Default Contribution Table.

For those who are not using SQL Payroll System.Please refer to your own Payroll System Setting. If anyone wish to purchase SQL Payroll System or convert your SQL Payroll System or SQL Accounting System Yearly Support Maintenance to me. Please contact us directly at +6012-6639318 or email info@syntech.com.my. Please visit our website www.syntech.com.my or join SQL Q&A Facebook Form at https://www.facebook.com/groups/sqlabc