Socso Table 2016 Pdf

Menara perkeso 281 jalan ampang 50538 kuala lumpur. Both the rates of contribution are based on the total monthly wages paid to the. 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.

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Malaysia Socso Rate Of Contibutions 2017

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Memory 02 01 2016 03 01 2016

A company is required to contribute socso for its staff workers according to the socso contribution table rates as determined by the act.

Socso table 2016 pdf. If you need more flexible and better payroll calculation such as generating ea form automatically or adding allowance that does not contribute to pcb epf or socso you may want to check out hr my free malaysian payroll and hr software which is absolutely free. To confirm the inserted deduction data is correct please print deduction table from the system and compare with deduction table 2016 3 6 how to print deduction 20 click main menu. For example the basis period for the ya 2016 for a company which closes its accounts on 30 june 2016 is the financial year ending 30 june 2016. No compensation will be paid on the day on which the employee worked in the period of sick leave.

As proposed in the 2016 budget the deduction be increased to rm7 000. 2 of 2 31 05 2016 9 54 am. Contribution table rates the contributions into the scheme depend on an employee s monthly wage and it is contributed by both the employer and the employee. 03 4256 7798 sms.

The amount paid is calculated at 0 5 of the employee s monthly earnings according to 24 wage classes as in the contribution table rates below along with. 4 days sick leave including day of accident compensation paid during the period the employee is on. Socso was formed as a government. Deduction for socso payment to enable more employees to benefit from social security organisation socso the eligibility for mandatory contribution will be increased from a monthly salary of rm3 000 to rm4 000.

When wages exceed rm4 000. I c your complaint send to 15888. The basis period for a company co operative or trust body is normally the financial year ending in that particular ya. Forever for unlimited employees.

The page is not found. 21 select print report 22 click deduction table 23 click to print deduction report and compare with deduction table 2016 given above. With the calendar year for example the ya 2016 is the year ending 31 december 2016. 1 6 2016 maximum rate rm105 33 more than.

Btw payroll my pcb calculator 2020 is powered by hr my s payroll calculator. 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.