[Version 2.0] How To Edit/Custom EPF Contribution Rate

Kumpulan Wang Simpanan Pekerja (EPF) is a mandatory contribution that must be paid by every employee and employer. Generally, an employer has to pay as much as 13% of the total contribution share and an employee has to pay about 11% of the total contribution from the employee's basic salary.

In addition, the Mysyarikat system provides automatic epf calculation in the salary payroll calculation according to the EPF Schedule on the KWSP portal. . At the same time, Mysyarikat provides features where HR/Employers can also update the EPF rate according to the percentage (%) set in the Company's policy as well.

1. How to edit/custom percentage (%) EPF contribution calculation

1. Payment
2. Salary payroll
3. Employee salary table
4. Click the edit icon

5. Enter the basic salary of the staff
6. Click the "other" option in the "employee/employer rate" section
7. Enter the amount custom percentage (%) based on company policy

8. Click "recalculate
9. Save Changes

2. How to Update EPF Contribution Amount on Payroll

• To update the EPF contribution amount on Payroll, HR/Admin can refer to the following steps:

Step 1: Click Payment

Step 2: Click Salary Payroll

Step 3: Click the eye icon on the Payroll with the desired Preparing status

Step 4: Click the pencil icon on the desired staff name

Step 5: In the Calculation Method column, select Custom

Step 6: In the EPF Employee column, enter the desired EPF contribution amount

Step 7: In the EPF Employer column, enter the desired EPF contribution amount

Step 8: Click Recalculate

Step 9: Click Save Changes

Updated on: 14/03/2024