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How does Business e-Banking calculate the payroll amount?

April 26, 2017Business CALCULATE e-banking payroll

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How does Business e-Banking calculate the payroll amount?

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Payroll amounts of each employee is automatically calculated based on MPF Relevant Income and MPF Contribution amounts. The calculation rule of payroll amount is: (MPF Relevant Income +/- Payroll Amount Adjustment – Employee Mandatory MPF Contribution – Employee Voluntary MPF Contribution).