Socso Contribution Table 2016

The links to the relevant pages can be found at the bottom of this article. I c your complaint send to 15888. Both the rates of contribution are based on the total monthly wages paid to the.

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However if the employee s salary exceeds rm4 000 a month his salary for the purposes of calculation socso contributions will be deemed to be only rm4 000 a month.

Socso contribution table 2016. A company is required to contribute socso for its staff workers according to the socso contribution table rates as determined by the act. Rate of contributions rate of contributions em ployment injury scheme and invalidity employment injury em ployer s employee s contribution by contribution contribution contribution employer only wages up to rm30. 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. 03 4256 7798 sms.

These amendments come into effect on 1st june 2016. Socso has announced the amendments to the employees social security act 1969. Whereas employer s maximum monthly contribution changes from rm51 65 to rm69 15. Menara perkeso 281 jalan ampang 50538 kuala lumpur.

The ceiling of wage for contribution payment has been raised from rm3 000 00 per month to rm4 000 00 per month. 1 of 2 31 05 2016 9 54 am. When wages exceed rm4 000. A total increase of rm17 50 per month.

03 4256 7798 sms. Under the revised contribution table the maximum rate of contribution was raised from rm3 000 to above rm4 000 monthly salary which is from a maximum rate of. Do note that socso board has yet to update the contribution rate table and this is expected to be done by 1st week of march. Socso contribution new table 2016 please be informed that the government has increased the ceiling for monthly socso contributions from rm3 000 to rm4 000 for all workers and this will take effect on 1st june 2016.

Menara perkeso 281 jalan ampang 50538 kuala lumpur. In interacting with actpay payroll users we found that a surprisingly large number of employers are not aware of. You should know the latest rate of contributions for socso because your net salary will be lesser and don t be surprised when you receive your. Effective 1 june 2016 the employees social security act 1969 has been amended as below.

The company will pay 1 75 while the staff workers will contribute 0 5 of their wages for the employment injury insurance scheme and the invalidity pension scheme. I c your complaint send to 15888. Read more increase in socso contributions and changes to the act.