WebThe contribution rate for Employment Insurance System (EIS) is 0.2% for the employer and 0.2% for the employee, based on the employee's monthly salary. The contribution rate differs according to monthly wages. You can refer to the EIS Contribution Table. EIS is not under the SOCSOcategory and will be deducted separately. WebJan 3, 2024 · This is an increase from YA 2024’s RM3,500 in this category, and remains the same as YA 2024’s amount. 9. Disabled children Disabled child relief: RM6,000. ... SOCSO & EIS: ≤ RM350. You can also claim a relief of up to RM350 for contributions made to SOCSO (Social Security Organisation) and EIS (Employment Insurance System) for YA 2024. ...
What is SOCSO? Here
WebRepeat the same steps for other statutory contributions like Tax (i.e. monthly PCB, make sure to enter "Tax" in the Code field), SOCSO, EIS, HRDF if necessary. Statutory Contribution Code entered must match exactly the name of the statutory contributions listed here (i.e Tax, EPF, SOCSO, EIS, HRDF). WebContributions to the Employment Insurance System (EIS) are set at 0.4% of the employee’s assumed monthly salary. 0.2% will be paid by the employer while 0.2% will be deducted from the employee’s monthly salary. Contribution rates are set out in the Second Schedule and subject to the rules in Section 18 of the Employment Insurance System Act ... moneysmart adib login
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Web6) Q: How is the mode of payment and contribution to SOCSO determined? A : Employee contribution rate is based on the employee's wages, overtime, commissions, service charge, annual leave emoluments, sick leave, maternity leave, public holidays, incentives, meal allowance, cost of living and housing allowance and so forth. All payments whether … WebDec 10, 2024 · A simple way to remember is this: EIS falls under the same category as SOCSO in terms of eligibility of contribution. This means whoever is eligible to contribute … WebKUALA LUMPUR: The Social Security Organisation (Socso) has channeled financial assistance amounting to RM629.2 million through the Employees Insurance Scheme (EIS) … moneysmart adib