Quote:
Originally Posted by JohnGrennz
Can I ask how to calculate the year to date gross pay, ytd net pay, ytd employee cpf and ytd employer cpf? |
Doing this for a new job?
Let me try.
Suppose you make 10k sgd a month (stated in your employment contract). Assume no bonus.
Net will be net of
CPF deductions (applicable if you are a PR), which is about 5% to 15% thereabouts depending on your PR status (I'm not exactly sure, so please check with
CPF to confirm). Assume in this example, it is 5%.
Say you have worked for 11 months.
ytd gross pay = 11 x 10k
ytd net pay = 11 x 0.95 x 10k
ytd employee
cpf = 11 x 0.05 x 10k
ytd employer
cpf = 11 x ?? x 10k