Short, Simple and Interesting FAQs
SOCSO contributions in Malaysia are calculated based on the employee’s wages and are subject to certain contribution rates set by the government. These rates can vary depending on factors like the employee’s salary bracket and the classification of the industry under the Employment Injury Scheme. Example Calculation: Let’s consider an example where an employee earns … Read more
Yes, SOCSO contributions in Malaysia are typically shared between the employer and the employee. Both the employer and the employee make contributions to SOCSO, and these contributions are usually a percentage of the employee’s wages. Employer’s Contribution: Employers are responsible for deducting the employee’s share of the contribution from their wages and then adding their … Read more
In Malaysia, certain categories of individuals might not fall under the coverage provided by SOCSO (Social Security Organization) due to specific exemptions or limitations. Here are some groups or situations where coverage under SOCSO might not apply: 1. Self-Employed Individuals: Self-employed individuals are generally not covered under SOCSO by default. However, voluntary schemes might be … Read more
The monthly contribution to SOCSO (Social Security Organization) in Malaysia is determined based on the employee’s salary and the contribution rates set by SOCSO. Both the employer and the employee contribute a percentage of the employee’s salary to SOCSO. Contribution Rates: Employer’s Contribution: The employer’s contribution rate is determined based on a percentage of the … Read more
In Malaysia, self-employed individuals are not mandated to contribute to the SOCSO (Social Security Organization) scheme by default. However, there are specific voluntary schemes available for self-employed individuals who wish to obtain social security coverage. Here’s a breakdown: Voluntary Contributions for Self-Employed: Self-Employed Employment Injury Scheme (EIS): Self-employed individuals have the option to voluntarily participate … Read more
To submit SOCSO (Social Security Organization) contributions online in Malaysia, employers can use the SOCSO Assist Portal, an online platform provided by SOCSO for various employer-related services. Here’s a step-by-step guide: Submitting SOCSO Contributions Online: Accessing the SOCSO Assist Portal: Visit the SOCSO Assist Portal: Go to the SOCSO website: SOCSO Assist Portal. Log in … Read more
Yes, SOCSO (Social Security Organization) and PERKESO (Pertubuhan Keselamatan Sosial) are the same entity in Malaysia. PERKESO is the former name of the organization, while SOCSO is the current name. Initially established as PERKESO in 1971, the organization was later rebranded and renamed as SOCSO (Social Security Organization) in 2017. Despite the name change, it … Read more