HRSINGAPORE Community Discussions
Hi HR Professionals,
Our company was using spreadsheet to work out the salary previously. My predecessor when worked out, rounded the salary to the nearest dollar. Example gross $1800 - employee CPF $360 - CDAC $0.50 = net $1,439.50, instead the employee was paid $1,440. How would you account for the extra $0.50?
You may treat the CDAC contribution is borne by company, no deduction from employee’s gross pay.