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How to calculate CPF using Excel

CPF is the Singapore version of a pension fund which employers must contribute to the employees' personal CPF account. Its calculation is pretty straightforward if you are calculating it for a single employee. But it becomes very time-consuming when we do it for many employees because of the many permutations based on age, salary and employee type. For example, the CPF contribution of employees aged below 55 years old vary based on the salary range given in the table below.

cpf formula

Performing the calculation for a single employee can be achieved by ...continue


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