Page 16 of 23
What is SOCSO?
Overview SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial), is a Malaysian government agency that was established to provide social security protections to employees under the Employees’ Social Security Act, 1969. Functions of SOCSO The functions of SOCSO are as follows: Registration of employers and employees Collection of contributions from employers and […]
SOCSO Contribution Table
SOCSO Contribution Table (effective 1st October 2024) The first category (Employment Injury and Invalidity Scheme) applies to employees aged below 60, while the second category (Employment Injury Scheme) applies to employees aged 60 and above. You should only include the payments subject to SOCSO to determine the salary range. Amount of Wages First Category (Employment Injury Scheme […]
How Do I Pay SOCSO?
Online Banking PayrollPanda generates bulk statutory payment files for supported banks so you can conveniently submit and pay contributions to the statutory bodies via your bank portal. Contributions will be automatically updated in your Assist Portal. Perkeso Assist Portal The Perkeso Assist Portal is a portal that allows employers to manage company details, employee information […]
How to pay EIS?
Online Banking PayrollPanda generates batch payment files for certain banks so you can conveniently submit and pay contributions to the statutory bodies. If you submit and pay your EIS contributions via your bank portal, you do not need to submit again via the Assist Portal. Contributions will be automatically updated in your Assist Portal. Perkeso […]
How to register with PERKESO Assist Portal?
The Perkeso Assist Portal is a portal that allows employers to manage company and employee details, and monthly contributions information for SOCSO and EIS. If you are currently using iPERKESO, you can continue to use it until further notice. To register with the Assist Portal you need to download the Assist Portal Enrollment Form and either email […]
What to do if an employer overpays or underpays SOCSO/EIS contributions?
Overpaid SOCSO You can claim a refund via Assist Portal if you overpaid your SOCSO contribution. Login to PERKESO Assist Portal and follow these steps: Head to My Sites (top right). Inspection > Click on ‘BBC’. Add all required details at Refund Application – PKS(K)50. Click ‘Save & Continue’. Upload documents (business registration certificate and copy of employee’s […]
How Do I Submit and Pay PCB?
PCB submission must be done online, while there are online and offline options for PCB payment. The following methods are available for submission: 1. Internet Banking Several banks offer bulk statutory payment services. You can use the PCB bank file generated by PayrollPanda and upload it to your bank portal to make payment. The uploaded […]
What is PCB (MTD)?
Overview PCB stands for “Potongan Cukai Bulanan” which is Malay for “Monthly Tax Deduction”. It is a series of monthly deductions that go towards payment of your taxes in relation to your employment income. These monthly deductions are retained by your employer and paid over to the Inland Revenue Board (LHDN). This mechanism is designed to […]
What to do if an employer overpays or underpays PCB?
Overpaid Refunds are on a case by case basis. LHDN will first need to assess your situation before proceeding with the refund process. You are required to contact or visit the following office for further advice: PUSAT BAYARAN KUALA LUMPUR,ARAS TANAH BLOK 8, KOMPLEKS BANGUNAN KERAJAAN, JALAN TUANKU ABDUL HALIM, 50600 KUALA LUMPUR. TEL : 03-62091000 […]
What tax deductions can I claim for my children?
Certain tax deductions are available for children under the charge of the employee. The deduction reduces the employee’s chargeable income and therefore their PCB. For tax purposes, a “child” is an “unmarried dependent legitimate child or stepchild or adopted child”. Please note that no deduction can be claimed if the child is in receipt of […]
Page 16 of 23
