Eis Contribution Table Malaysia

An employee is defined as a person who is employed for wages under a contract of service or apprenticeship with an employer.

Eis contribution table malaysia. I c your complaint send to 15888. The contribution rate is based on section 18 and schedule 2 of the employment insurance system act 2017. Menara perkeso 281 jalan ampang 50538 kuala lumpur. For employees who receive wages salary of rm5 000 and below the portion of employee s contribution is 11 of their monthly salary while the employer contributes 13.

This means that even if retrenched the eis will not cover your full salary which is not ideal especially if you have to maintain high financial commitments such as multiple mortgages loans and credit cards. The maximum eligible monthly salary is capped at rm 4 000. 03 4256 7798 sms. 0 2 will be paid by the employer while 0 2 will be deducted from the employee s monthly salary.

I c your complaint send to 15888. Eis coverage all employers in the private sector are required to pay monthly contributions for each of their employees. Rate s contributions for eis table contributions to the employment insurance system eis are set at 0 4 of the employee s assumed monthly salary. Every employer has to register their new employee with socso within 30 days from the date of commencement of the work.

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. All employers in the private sector whose employees are covered under the act are required to pay contributions on behalf of their employees. Looking at the table above why is my eis contribution not exactly 0 2 of my wages salary gaji. Many of those laid off in the oil and gas industry were once earning rm10 000 monthly but eis contribution is capped at rm4 000 a month.

Therefore the amount reflected on your payslip will not be exactly 0 2 percent of your salary wages gaji. Menara perkeso 281 jalan ampang 50538 kuala lumpur. The actual contribution amount follows section 18 second schedule of the employment insurance act 2017 not the exact 0 2 percent calculation. For employees who receive wages salary exceeding rm5 000 the employee s contribution of 11 remains while the employer s contribution is 12.

03 4256 7798 sms. Socso contribution table rates in malaysia every employee in malaysia malaysian or permanent resident is eligible for socso s coverage socso means the social security organization. The contribution rate for eis is 0 2 of the employee s salary employer share and 0 2 of the employee s salary employee share.