A Food For Thought

Syukur Alhamdulillah.....after a long wait, the BOD of KPTM have approved the pay raise. And Alhamdulillah again, the payment was made almost at the same time when the Government made the decision to reduce the price of petroleum by 10 sen. Isn't that we call "rezeki"?

Satisfied with the raise? For me.....whatever amount raised should be good enough. Syukur. No complains. At least i have some extra cash to spend for the Hari Raya. Alhamdulillah.

Ok, let's think about after the raise. The pros and cons. Lets start with the pros. High basic pay means we will have higher amount of savings in KWSP. And of course, more savings in other places. We will have extra cash to keep and to spend.

The cons. Higher pay means more tax payable. The tax rate for an individual person is between 0% to 28% depending on their chargeable income. Chargeable income mean income from all sources (including employment) minus the reliefs. Chargeable income starting from RM2,500 and above may be liable to tax.

My advise, to those who don't prefer to pay tax, pay more zakat. Our income will be more "berkat". Lastly, enjoy your pay raise......spend wisely.