Socso Latest Contribution Table

11199 otherwise known as the Social Security Act of. Contribution rates are set out in the Second Schedule and subject to the rules in Section 18 of the Employment Insurance System Act 2017 EIS Table. Contributions will be capped at a monthly remuneration of RM4000.

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Under the new Employees Social Security Amendment Act 2016 effective 1 June 2016 SOCSO contributions are now mandatory for all employees regardless of their salary.

Socso latest contribution table. The company will pay 175 while the staffworkers will contribute 05 of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme. Why Is There A New Deduction Called Eis In Your Latest Payslip. With effect from 1st January 2019 this was extended to all foreign employees who will now be covered under the Employment Injury Scheme only.

The company will pay 175 while the staffworkers will contribute 05 of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme. Government employees domestic workers and the self-employed are exempt. 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.

On January 1 2018 SOCSO introduced the EIS PERKESO portal to help employers to manage their records update and make contributions. Contribution By Employer Only. However if the employees salary exceeds RM4000 a month his salary for the purposes of calculation SOCSO contributions will be deemed to be only RM4000 a month.

Daftar akaun iPERKESO. Second category employment injury only total employers contribution only. Contribution Table Rates Jadual Caruman SOCSO A company is required to contribute SOCSO for its staffworkers according to the SOCSO Contribution Table Rates as determined by the Act.

For more information and source see on this link. When wages exceed RM100 but not RM140. Socso Eis Contribution Table 2019.

Every employer has to register their new employee with SOCSO within 30 days from the date of commencement of the work. Based on the circular the SSS enacted Republic Act No. The rate of contribution under this category comprises 175 of employers share and 05 of employees monthly wages according to the contribution schedule.

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