Friday, December 3, 2010

SOCSO (Social Security Organization)

A Lot of Worker will know after Socso come to social to work. it just like the insurance for protect our employee. It Compulsory for every worker in malaysia. it no same with our private insurance or EPF. cant even get back money in the last stage, how many contribute of this and it will totally wont give back to you. Every Month we looking our salary payslip but a lot of people never know how it calculate Socso.

Example
Ok. Let Say Person A Every Month Salary is
Salary       2000
OverTime   300
Allowance  100
                2400


In this example , do you know much the Socso Are Deduceted From Person A???
Check it out below Table

Socso Table
Total Contribute Socso is RM52.90. Person A need to Contribute RM11.75.

Employees who earn more than RM3,000 and above have the option not contribute the SOCSO with the condition that they had not previously registered or paid contributions to SOCSO. That Mean, if you don't want to contribute SOCSO, your first job salary must be RM3,000 above than that then only can have a option to choose contribute or not.

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