Rate Of Contribution Socso

Both the rates of contribution are based on the total monthly wages paid to the employee and contributions should be made from the first month the employee is employed.

Rate of contribution socso. And invalidity scheme second category employment injury. First category employment injury scheme. 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. Wages up to rm30.

When wages exceed rm30 but not rm50. This measure is to avoid employers from retrenching employees during covid 19 economic downturn. Employers in the private sector experiencing a fall in income of more than 50 since jan 1 2020 will be able to claim rm600 per worker limited to 100 workers earning below rm4 000 and contributing to eis for three months. In the first category for the most part the employer is to pay 1 75 of the employee s total salary towards the fund and the employee is to pay 0 5 of their salary amount towards the fund.

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 the 1 75 contribution of the monthly payroll from the employer. 0 2 will be paid by the employer while 0 2 will be deducted from the employee s monthly salary. Then the total amount is the addition of these two and will go towards the socso fund. 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.