The maximum eligible monthly salary for SOCSO contribution will be from RM5,000 to RM6,000 per month.
For better clarity, do refer to the SOCSO Contribution Rate table.
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Who is eligible for SOCSO deductions and contributions?
1. Malaysian / PR (below 60 years old)
Employee: 1.75%
Employer: 0.5%
2. Malaysian / PR (above 60 years old) and Foreign Employees
Employee: 0%
Employer: 1.25%
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Types of Income subjected to SOCSO contribution
Basic Salary
Commissions and Service Charges
Annual Leave Pay
Additional Work Days on Holidays and Overtime
Types of Allowance: Incentive, Meal, Housing, Cost of Living Allowance (COLA), Shift and Others.
Types of payments that are not liable for SOCSO contribution
Mileage Claims
Traveling Allowance
Gratuity Payment for dismissal or retrenchment
Annual Bonus
Refund of Contributions
In the event there is an error in contribution payments or overpay, you may claim a refund by submitting claims document to SOCSO office. Do refer to the checklist and ensure that the required documents are completed:
Checklist
Erroneous contribution payment schedule (PKSK50A)
Application contribution refund report
Application for refund of contribution (PKSK50)
For more details on SOCSO contributions overview, you can head to PERKESO's website.
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** Effective 1 October 2024, PERKESO will enforce a new wage ceiling for contributions from RM5,000 to RM6,000 per month. The contribution amount that apply to employees with salaries exceeding RM5,000 per month is stated in the Third Schedule, Act 4 and the Second Schedule, Act 800.
For employees with salaries exceeding RM6,000 per month, the contribution amount is subject to the wage ceiling of RM6,000. Accordingly, the contribution payment for the month of October 2024 and the subsequent months shall be made by the employer according to the new wage ceiling.
Here's a reference from the official PERKESO website.