Socso Contribution Table 2020
All employees who have reached the age of 60 must be covered under this category for the Employment Injury Scheme only.
Socso contribution table 2020. Social Protection for Foreign Worker. For employees who receive wagessalary exceeding RM5000 the employees contribution of 11 remains while the employers contribution is 12. SOCSO ActivWork Challenge 2021 is back.
The rate of employers contribution for this Category is 125 of the employees monthly wages capped at RM4940 for wages exceeding RM4000. The actual contribution amount follows Section 18 Second Schedule of the Employment Insurance Act 2017 not the exact 02 percent calculation. Tax consultation is not available at the moment.
In the first category for the most part the employer is to pay 175 of the employees total salary towards the fund and. The rate of contribution under this category is 125 of employees monthly wages payable by the employer based on the contribution schedule. Payment of contributions must be made using cheque or moneypostal order only.
Beginning on 1 January 2019 employers who hire foreign workers not including domestic servants shall register their employees with SOCSO and contribute to the Employment Injury under the Employees Social Security Act 1969 Act 4. The employees themselves do not need to contribute to SOCSO. The registration is FREE and the total prizes worth up to RM30000 and many more Read More.
Contribution Table Rates Jadual Caruman SOCSO This is applicable for employees aged below This site uses cookies. The 6-month HRDF exemption has come to an end on 15 September 2020 as recently announced by HRDF. When wages exceed RM30 but not RM50.
Employees who receive wagessalary exceeding RM5 000 the employees contribution of 11 remains while the employers contribution is 12. Interest on Late Payment of Contributions. Dont forget to join this contest and be the most active company in Malaysia.