Maintain Contribution

Menu : Payroll | Maintenance | Maintain Contribution

Introduction

• Is the main core to set the Contribution for Bonus, Director Fees, Pay Leave and Unpaid Leave.
• Set the Employer EPF Rate and Employee EPF Rate.
• Set the Working Day per Month and Working Hour Per Day for the purpose of calculate the OT Pay Rate.

Field Name	Properties
Code	Definition : Contribution code Field cannot be blank Field Type : Alphanumeric Length : 20
Description	Definition : Full description on Contribution Type Field cannot be blank Field Type : Alphanumeric Length : 160
Active	Definition : Unchecked if this record is not in use. Field Type : Boolean
Set as Default	Definition : Click mean this record you want it be the default record when insert a new record. Field Type : Button
Bonus / Director / Pay Leave / Unpaid Leave	Definition : Does this Bonus / Director / Pay Leave / Unpaid Leave need to contribute for EPF ? Socso ? PCB ? PCB(A) ? OT ? EA ? Zakat ? HRDF(Human Resource Development Fund) ? Checked mean you want it to be contribute. What the different between PCB and PCB(A)? i) PCB mean every month contribute the amount is fixed. Eg : Wages ii) PCB(A) mean every month contribute the amount is not fixed. Eg : OT, Allowance, Commission, Bonus.
Employee EPF Rate	Definition : i) Set Employee EPF Rate. ii) Age 55 above system will auto calculate half. Field Type : Alphanumeric Length : 10
Employer EPF Rate	Definition : i) Set Employer EPF Rate. ii) Age 55 above system will auto calculate half. iii) System will increase to 13% for those earning not exceed 5000 per month. Field Type : Alphanumeric Length : 10
Overtime Calculation base on Maintain Employee Setting	Definition : i) Checked mean the Overtime Pay Rate calculation base on Maintain Employee Setting. ii) Unchecked mean the Overtime Pay Rate calculation base on Process Month. Field Type : Boolean

EPF Rule

The Government has agreed to lower employees’ contribution to the Employee’s Provident Fund (EPF) by 3% beginning March 2016 to December 2017 as part of the revised Budget 2016, so you may set SQL Payroll System from 11% to 8%

How to change EPF Rate to 8% in SQL Payroll

1. Payroll | Maintenance | Maintain Contribution.

2. You may choose to create a NEW contribution.

3. Code and Description you can just insert the information that you want and the employee EPF Rate from 11% to 8% and Save.

4. under Human Resource | Maintain Employee | Edit the Employee and under the " Payroll Info" tab assign the employee contribution accordingly.

EPF Contributions Can Remain At 11% For Employees

The Government has agreed to lower employees’ contribution to the Employee’s Provident Fund (EPF) by 3% beginning March 2016 to December 2017 as part of the revised Budget 2016.

However, employees will have the option of maintaining their contribution to EPF at 11%.

EPF said in a statement that members could fill up a form and submit it to their employers so that they can contribute more than the statutory rate.

“Employers will then forward the notices to the nearest EPF branch,” the government agency said.

The notice, labelled Notis 17A Khas 2016, would be made available for download from EPF’s website beginning 2 February. The new monthly contribution rate (Schedule Three) can be downloaded from Feb 16, EPF said.

The move to cut employee contributions from 11% to 8% was among 11 restructured and recalibrated measures to ensure the economy and country’s financial position remain on the right track. Below is the form that you can print out and submit:

http://www.kwsp.gov.my/portal/documents/10180/153456/KWSP17A__Khas_2016___29012016.pdf