Hypertext: Object Class - Class to which a document belongs.
Document Name
OHALHF010
The HRDF percentage is 1% of the monthly wages of employees who are Malaysian citizens. However, employers in the manufacturing sector with ten workers and having a paid-up capital of less than RM2.5 million, would be given the option of contributing 0.5% of their employees' monthly wage.
Example
(RM) Total payroll for employees 224,240 less amount of salary and allowances paid to expatriate staff 30,000 less amount of variable allowance paid to Malaysian employees 10,000 less EPF contribution, travel allowance, bonus commission ... 24,240 ------- Total wages liable for 1% levy 160,000 ------- The levy to be paid is RM160,000 * 1% = RM1,600