How To Calculate Socso

How to pay socso perkeso online.

How to calculate socso. Socso announced an increase for its pension rates on 8 november 2017. Menara perkeso 281 jalan ampang 50538 kuala lumpur. Btw payroll my pcb calculator 2020 is powered by hr my s payroll calculator. Hourly gross pay is calculated by multiplying the number of hours worked in the pay period times the hourly pay rate.

The contribution rate is based on section 18 and schedule 2 of the employment insurance system act 2017. The contribution rate for employment insurance system eis is 0 2 for the employer and 0 2 for employee based on the employee s monthly salary. Pay period create payroll tick the box to select staff income employee info income tick the box to select the contribution deduction click recalc to get automatic calculation save. 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.

Salary wages full part time monthly hourly overtime payments commission paid. All renumeration or wages stated below and payable to staff workers are subject to socso contributions. 03 4256 7798 sms. If you re still paying cheque to the socso counter you should moving it to online.

From what we heard from socso it was mentioned that they will eventually discontinue iperkeso and we should continue our payment in assist portal. I c your complaint send to 15888. It includes hourly or salary calculator and any overtime paid to the employee during the pay period. 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.

Forever for unlimited employees. Wages subject to socso contribution. This will come under the employment injury scheme and invalidity scheme. As a result of this increase socso would pay the pension arrears adjustment beginning from 26 dec to eligible socso recipients.

Many of us used to use iperkeso to pay socso. A company is required to contribute socso for its staff workers according to the socso contribution table rates as determined by the act.