socso contribution for age above 60

How is SOCSO calculated?

December 19, 2023 by WebGuide

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

Is SOCSO paid by employer?

December 19, 2023 by WebGuide

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