SOCSO Contribution is a payment to the Social Security Organization made by both employees and employers. SOCSO Contributions should be made for each month of salary payment as a deduction from the employee's net pay.
The contribution amounts for employees with salaries exceeding RM4,000 per month are outlined in the Employees’ Social Security Act 1969 (Act 4).
For employees earning more than RM5,000 per month, the contribution amount is capped at the new wage ceiling of RM5,000.
Consequently, an employer must make monthly payments on or before the 15th of the month.
*Rate of contribution for Employees’ Social Security Act 1969 (Act 4) may refer to this link: Rate of contribution for Employees’ Social Security Act 1969 (Act 4)
MACROSS helps you to build your business globally.
Our services are offered in Malaysia, Singapore, Indonesia, Philippines, Japan, China, Hong Kong and Taiwan.
