| The reduction in EPF contribution rate from 11% to 8% takes effect from January 2009 wage for a period of 2 years. What changes I need to make in my Aplus payroll system? |
| In order to change the
contribution rate from 11% to 8 % you need to follow the steps
below; 1. Go to setup under payroll system select payroll setup. Click [ Copy ] button, enter new code EPF8 - Description; EPF 8% rate - click [ Save ] button.
Select EPF8 Code, change line 50,51 & 63 to 8 %
Next go to Employee Enquiry, pick the employee code, click Edit button and change the salary formula to the EPF8 and save New formula as shown below
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