Eis Rate Of Contribution

What is the eis contribution rate employer.

Eis rate of contribution. Contribution rates are capped at insured salary of rm4000 00. Employers need to make a 0 2 contribution for each of their employees. 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 employees aged 18 to 60 are required to contribute.

All employers in the private sector whose employees are covered under the act are required to pay contributions on behalf of their employees. Contribution rates 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. 03 4256 7798 sms. All employers in the private sector whose employees are covered under the employment act are required to pay contributions on behalf of their employees except for those listed here under who qualifies for eis.

Every month employees need to make a 0 2 contribution of their salary to eis. However employees aged 57 and above who have no prior contributions before the age of 57 are exempted. The maximum eligible monthly salary is capped at rm 4 000. On top of 0 2 contribution from employees employers must also make another 0 2 contribution for their each of their employees into the accumulated fund managed by socso which is also known as perkeso pertubuhan keselamatan sosial in its malay abbreviation.

Menara perkeso 281 jalan ampang 50538 kuala lumpur.