Socso Contribution List

Paid leave annual sick and maternity leave rest day public holidays Allowances. Employee Who are Eligible to Contribute Social Security Organization SOCSO An employer shall be liable to pay SOCSO contributions in respect of any person whom he has engaged to work under a Contract of Service or Apprenticeship and includes. The maximum eligible monthly salary for SOCSO contribution is capped at RM4000.

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Socso Contribution Chart Table Rates

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SOCSO Contribution chart.

Socso contribution list. SOCSOs Offices If an employer wishes to make payments directly as SOCSOs offices itself SOCSO only accepts payments in the form of cheques or postal money order. As of January 2019 all overseas employees are required to contribute to the SOCSO. This insurance regulated by the Employment Insurance System Act 2017 and also administered by the EIS SOCSO protects workers between the ages of 18 and 60.

Payments Exempted From SOCSO Contribution. Employers are required to contribute to SOCSO for their employees according to the SOCSO Contribution Table Rates as determined by the Employees Social Security Act 1969 Act 4. 1024 x 768 Browser.

For employees who are less than 60 years of age contributions payable by employers and employees are for the Employment Injury Scheme and the Invalidity Scheme. Since January 2016 there is RM 250 per year income tax exemption for contributions to the SOCSO. When wages exceed RM30 but not RM50.

All renumeration or wages stated below and payable to staffworkers are subject to SOCSO contributions. Contributions of the First Category. The company will pay 175 while the employees to contribute 05 of their salary for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme where the rates are depending on the total monthly wages.

Part time temporary and probationary employees. Employers will pay 175 while the employees will contribute 05 of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme. Directors who receive wages from company.

Its now easier to make payments to Socso via online banking. Any contribution payable by the employer towards any pension or provident fund. On January 1 2018 SOCSO introduced the EIS PERKESO portal to help employers to manage their records update and make contributions.