How To Calculate Socso And Epf

Current epf interest rate is 8 65.

How to calculate socso and epf. Every employer has to register their new employee with socso within 30 days from the date of commencement of the work. Menara perkeso 281 jalan ampang 50538 kuala lumpur. 03 4256 7798 sms. Download free employee provident fund excel calculator 2020 current age.

How to calculate pf amount for salaried government private employees. Socso contribution table rates. Btw payroll my pcb calculator 2020 is powered by hr my s payroll calculator. Some person may refer payroll malaysia with pcb calculator socso table 2019 and epf contribution table as the amount pay during each pay period or the process of actually calculating and distributing wages and taxes.

Automatic calculate epf socso eis and pcb click employee employee payroll how to generate income system tick the box select income add emp income type income type default rate salary amount. Forever for unlimited employees. Interest on the employees provident fund is calculated on the contributions made by the employee as well as the employer contributions made by the employee and the employer equals 12 or 10 includes eps and edli of his her basic pay plus dearness allowance da. Epf interest is calculated according to the contributions made by the employer and employee.

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. Payroll calculator can be define with a lot of meaning depending on the level on understanding of each person. A 10 rate is applicable in the case of establishments with less than 20 employees sick units or units that meet certain. Every year the epf organization officials are change the epf interest rate.

Your monthly salary basic pay dearness allowance expected increase in salary every year in percentage epf interest rate. Foundingbird provides accounting and payroll services that take care of your employees salaries from salary payments payroll taxes to the mandatory contribution of epf socso and eis. It easily calculates the return on your epf contribution within no time. I c your complaint send to 15888.

Epf calculator is an online tool and hence can be used anywhere anytime. Each month an employee has to part with 12 of their basic pay together with a dearness allowance. Our epf calculator is one step solution to all your epf related calculation questions. As an employer it can be a hassle to manage the registration and monthly contributions through the official portals of epf and socso.

Employee s epf contribution as a of. How to use epf calculator.