Budget 2016 revision: EPF contribution, income tax reductions to help the people


- Bernama

PETALING JAYA: Employees' contribution to the Employees Provident Fund (EPF) will be reduced by three percentage points from March this year, says Datuk Seri Najib Tun Razak (pic).

The move is one of 11 key measures in the revised Budget 2016 announced by the Prime Minister on Thursday.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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