HRSINGAPORE Community Discussions

Payroll Calculation

Question

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?

Thank you.

Yoki


Reply 1

You may treat the CDAC contribution is borne by company, no deduction from employee’s gross pay.

CF


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