Wages Not Subject To Socso Contribution

Gratuity payment s for dismissal or retrenchments.

Wages not subject to socso contribution. Payments exempted from socso contribution. The following wages or remuneration payable to staff workers are not subject to socso contribution. Wages not subject to socso contribution. Any contribution payable by the employer towards any pension or provident fund.

Any gratuity payable on discharge or retirement of the employee. That being said what constitutes as wages may not be straightforward in all cases. Wages not subject to socso contribution. Payments by employer to any pension or provident fund for employees.

Salary wages full part time monthly hourly. Much of this depends on the construction of section 2 of the epf act which defines the word wages. Payments by an employer to any statutory fund for employees. Section 43 1 epf act 1991.

However if the salary is paid until the 15th day of the month the contribution is based on salary paid for that particular month. The following wages or remuneration payable to staff workers are not subject to socso contribution. However the following payments are not considered as wages. Subject to the provisions of section 52 every employee and every employer of a person who is an employee within the meaning of this act shall be liable to pay monthly contributions on the amount of wages at the rate respectively set out in the third schedule.

All payments made to an employee paid at an hourly rate daily rate weekly rate piece or task rate is considered as wages. Wages not subject to socso contribution. The remuneration or payable to employees are not subject to socso contributions. Service charge any money or payment either in the form of a service charge a service fee a tip or other payments which has been paid by charged on collected from or voluntarily given by a customer or any other person who is not the employer with respect to the employer s business.

Among the payments that are exempted from epf contribution. The remuneration or payable to employees are subject to socso contributions. Wages not subject to socso contribution. Employers are only required to pay contributions based on the total wages paid to employees for the month.

The employer does not need to make employer contributions to the epf. Registration of employer and employee employer and its employees must be registered with socso not later than 30 days on which the act becomes applicable to the industry for the purpose of registration an employer is required to complete the employer s registration form form 1 employee s registration form form 2 together with relevant documents specified please get the checklist. Payments by employer to any pension or provident fund for employees. Paid leave annual sick and maternity leave rest day public holidays.

The employer does not need to deduct the employee s contribution from those payments.