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Blog

- 3 days ago

MY Statutory Update_Update on SOCSO and EIS Contribution Amount for Wage Ceiling Limit up to MYR6,000

Dear All,

We would like to inform that PERKESO has announced enforcement of a new wage ceiling for SOCSO and EIS contributions from RM5,000 to RM6,000 per month effective 1st October 2024.

The contribution amount that apply to employees with salaries exceeding RM5,000 per month is stated in the Third Schedule, Act 4 and the Second Schedule, Act 800. For employees with salaries exceeding RM6,000 per month, the contribution amount is subject to the wage ceiling of RM6,000.

Accordingly, the contribution payment for the month of October 2024 and the subsequent months shall be made by the employer according to the new wage ceiling. This affected both SOCSO and EIS Contribution.