As everybody known, SOCSO is just like a general insurance for employees; made compulsory by the government. However, you won’t get it back at the later stage as EPF does. Do you know how to calculate it? SOCSO contribution is different from EPF deduction and it’s based on the SOCSO table. And, the highest SOCSO deduction for employee is only RM14.75.
Your salary, overtime payments, commission, allowances will be taken into account for the purposes of SOCSO contribution.
Salary = RM 2000.00
Overtime Payments = RM 200.00
Allowances = RM 50.00
Total Salary = RM 2250.00
I this scenario, do you know how much SOCSO should be deducted from your salary?