Amendment to Employees’ Social Security Act, 1969
Effective 1 June 2016, the eligibility of mandatory contribution / maximum salary ceiling is increased from RM3,000 to RM4,000. In connection with the amendment:-
1. the employee’s maximum monthly SOCSO contribution is increased from RM14.75 to RM19.75
2. the employer’s maximum monthly SOCSO contribution is increased from RM51.65 to RM69.05
For detailed revised SOCSO table, kindly refer HERE.
The amendment was gazetted on 27 May 2016 and employers are expected to receive a notification soon from the SOCSO officer.
Special Note to our valued SQL Payroll Clients:
The proposed amendment and table has been taken into account in our latest Payroll version : 123.116. The installer will be sent to you very soon.
Sit back and relax. SQL Payroll will handle everything for you.
For any inquiries / guidance / quote on SQL Payroll, please call 017-335 6279 or email us at firstname.lastname@example.org
Special Note to non SQL Payroll users:
Kindly contact your respective payroll software provider for the updates. If such update is unavailable, do seek for assistance or alternative (SQL Payroll @ Wanconnect).