Disclaimer: This calculator is offered for informational and reference purposes only. Calculations are not meant to supplant or serve as a substitute for professional guidance or official tax calculations provided by the Inland Revenue Board of Malaysia or other relevant authorities.
What is SOCSO?
The Social Security Organization (SOCSO), also known as PERKESO, provides social security protections for employees in Malaysia.
SOCSO contributions are mandatory for some employees and employers, aimed at providing financial assistance in the event of work-related injuries, disabilities, illnesses, or death.
How Can a SOCSO Calculator Help?
A SOCSO calculator gives you a quick estimate of your total contributions (employer & employee) and helps visualize how rates vary by age or salary.
How to Use a SOCSO Calculator?
Enter your gross monthly salary.
Select your Age Group and Residential Status.
Click “Calculate.“
View the respective Employee and Employer SOCSO contributions.
You’re done!
What are the current SOCSO contribution rates?
Contribution rates are split between employers and employees, and they may vary depending on two key factors:
Employee’s Age: There are generally two contribution categories based on employee age:
Below 60 Years Old: This category applies to the Employment Injury and Invalidity Scheme.
60 Years Old and Above: This category applies to the Employment Injury Scheme only.
Employee’s Salary: In some cases, the contribution rate might be capped based on a specific monthly salary limit.
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FAQs
Some frequently asked questions...
SOCSO contributions should be paid by the employer by the 15th of the following month. For example, contributions for January should be paid by February 15th.
The easiest way to calculate SOCSO contributions is to use a payroll software or online calculator, such as PayrollPanda. These tools allow you to automate the entire payroll process, including calculating SOCSO contributions for your employees.
All Malaysian employees, including foreign workers with valid work permits, are covered by SOCSO. Certain categories of employees, such as domestic workers and civil servants, are also included.
Yes, part-time employees are also required to contribute to SOCSO based on their monthly salary. The contribution rates for part-time employees are the same as for full-time employees, based on their salary bracket.
No, employees in Malaysia cannot opt out of SOCSO coverage. It is mandatory for all Malaysian employees, including foreign workers with valid work permits, to be covered under the Social Security Organization (SOCSO).
