EPF - 8% deduction from employee

Phew!!
Almost 3 months without any updates in my blog.
Left home early this morning to buy breakfast for wife and end up reaching office quite early =)

Alrightee, let's get down with something that has been circulating in our mailbox nowadays (especially for those who are working). Many people send me mails that talk about the 8% EPF deduction from employee's salary. This is part of the mail content (just some calculations):

Assume monthly basic salary is RM4000.
- If your monthly EPF contribution is 11% ( RM440 ), taxable income = RM3560, income tax payable = RM77.
- If your monthly EPF contribution is 8% ( RM320 ), taxable income = RM3680, income tax payable = RM109.
Conclusion : If you choose to contribute 8%, you will end up paying more income tax.

What say you?
I'll definitely stick with 11%.