Tag

rates

Malaysia

Road Tax : NCD

Its a term we hear once a year when we are due to renew your vehicle roadtax. What is NCD? NCD, short for No Claim Discount, is a discount given to the policyholders upon renewal of their motor insurance if no claim is made or arises from the policy for a continuous coverage of 12 months. The discount given is based on a fixed rate provided by Persatuan Insurans Am Malaysia (PIAM) Motor Tariff.   Period of Insurance Private Car…

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Malaysia

Tune Talk – Rates

The new kid on the block is live and kicking! So now whats so special about Tune Talk that consumers should opt for this mobile provider compared to the rest? Well these are the local call charges? Lets have a look at the rates. Local Rates (Flat Rates) 22 sen per minute 5 sen per SMS International Rates

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Malaysia

EPF 8% Means Paying More Income Tax

A friend of mine sent me a email showing how if you are contributing 8% that would effectively mean you pay more tax! This may apply for those who’s earnings are above a certain amount. Have a look at the calculation below : Assume monthly basic salary is RM4000 If your monthly EPF contribution is  11% ( RM440 ), taxable income = RM3560, income tax payable = RM77. If your monthly EPF contribution is    8% ( RM320 ), taxable income…

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