A Question About The Singapore Salary Format
Can I ask how to calculate the year to date gross pay, ytd net pay, ytd employee cpf and ytd employer cpf?
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Quote:
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 |
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