Will CPF be calculated based on the CPF gross salary or the net salary after all the deductions and additions ?
What is Gross Salary? It signifies the amount paid out to an individual before any voluntary or mandatory deductions are made from it. Therefore, it is the total pay that an employee receives before taxes and other deductions.
CPF is calculated on the CPF gross, There can be CPF payable addition and CPF payable deduction in the system. For workers, gross monthly income is the total amount of monthly remuneration received before personal income tax and employee Central Provident Fund (CPF) contributions are deducted.
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