Welcome Guest ( Log In | Register )

3 Pages  1 2 3 > 
RSS feedBump TopicReply to this topicStart new topicStart Poll

Outline · [ Standard ] · Linear+

> EPF & SOCSO, some questions...

Zaryl
post Sep 19 2006, 10:57 PM


Hardcore Casual Gamer
*****
Group: Senior Member
Posts: 837

Joined: Jan 2003
From: Kedah Khap Khoun Khap (4K)



I've been accepted to undergo a training programme which will take me a year in a company X. After 1 year, if I perform well, I'll be offered a permanent position there. They will give me an allowance of RM1k every month. So here are my questions:

1) Do I NEED to pay the EPF & SOCSO? Since this is just a training programme and I'm not one of the permanent staff, some more only 1 year, and I may or may not get offered to be one of permanent staff there...so do I need to pay them?
2) If I do need to pay them, then how much do I have pay every month?
3) Am I required to pay the income tax as well? If so, then how much?

Please can someone enlighten me on this matter. Thank you! notworthy.gif
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
David83
post Sep 19 2006, 11:01 PM


Witch Doctor
Group Icon
Group: Elite
Posts: 35,797

Joined: Jan 2003
From: New Tristram
For EPF, some companies pay for it even though it's an industrial programme while some not.

For SOCSO, not so sure.

For income tax, it's taxed annually and at the end of the year. If you annual income is less than 30k p.a. after deduction and relief, you won't be taxed.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
GiNgEr^fIsH
post Sep 19 2006, 11:09 PM


**got STImulation?**
******
Group: Senior Member
Posts: 1,667

Joined: Jan 2003
From: Subang / Malacca


I guess it truely depends on whether the company registers you as their employee regardless of whether as a trainee, contractual or permanent.

Based on the employment act -
EPF: employee 11% employer 12% (standard but some companies contribute more)
socso: depending on allowance (check against socso table)
PCB tax: as long your earning below 2.5k a month, your safe.

Cheers.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
David83
post Sep 19 2006, 11:22 PM


Witch Doctor
Group Icon
Group: Elite
Posts: 35,797

Joined: Jan 2003
From: New Tristram
The company that I underwent my industrial training didn't register EPF, SOCSO or tax for me. My monthly allowance was RM25 per working day and it was a nearly 3-month programme. Guess my allowance didn't weigh enough for tax. tongue.gif
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
Zaryl
post Sep 20 2006, 12:40 AM


Hardcore Casual Gamer
*****
Group: Senior Member
Posts: 837

Joined: Jan 2003
From: Kedah Khap Khoun Khap (4K)



Is this what you call a SOCSO table? -->Socso Table

So then, in my case is the exceeds RM900 but does not exceed RM1,000 ?
That means, 21.4% from my allowance RM1000 = RM214 monthly? Is this correct? unsure.gif

Man, I'm new to this tax stuff. Now I'm beginning to wonder how you working people can cope with paying all sort of taxes. ohmy.gif
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
David83
post Sep 20 2006, 08:29 AM


Witch Doctor
Group Icon
Group: Elite
Posts: 35,797

Joined: Jan 2003
From: New Tristram
RM214 per month ... that's so much and equivalent to EPF contribution.

Guess it's not correct ... my monthly SOCSO contribution is RM 1X.XX
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
jehutyz
post Sep 20 2006, 08:46 AM


Regular
******
Group: Senior Member
Posts: 1,175

Joined: Oct 2005
As i know as long as you're working company have to pay for the EPF. But nowdays lot of company want to runaway from the EPF therefore they maybe will hire you as a contract staff and no EPF contribution until you're permanent. Guess what i'm one of the victim for it. So you got to check ur agreement.

User is offlineProfile CardPM
Go to the top of the page
+Quote Post
ruztynail
post Sep 20 2006, 12:38 PM


Acrimonious Young Man
******
Group: Senior Member
Posts: 1,792

Joined: Jan 2005
From: world above you



so lets say my pay is rm2100, how much would it be then after minusing epf and socso???
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
Irresistible
post Sep 20 2006, 01:11 PM


Look at all my stars!!
*******
Group: Senior Member
Posts: 2,515

Joined: Sep 2005


QUOTE(ruztynail @ Sep 20 2006, 12:38 PM)
so lets say my pay is rm2100, how much would it be then after minusing epf and socso???
*
About RM 1850, after deduct EPF 11% & SOCSO RM 20 (assume)...

12%-19% EPF is contributed by employer, not u. (Normally, employer will only give a minimum of 12%)

HOPE thats help.

User is offlineProfile CardPM
Go to the top of the page
+Quote Post
masterelr
post Sep 20 2006, 01:57 PM


Enthusiast
*****
Group: Senior Member
Posts: 874

Joined: Jan 2003
From: KL


I thought I'd also ask...
Recently I just resigned from a company after five months. They opened an EPF (and SOCSO) account for me when I joined so every month they deduct it from my salary. Now that I've resign, what happens to the money they deducted for EPF and SOCSO? Can I still use the same account and continue when I join another company? Em...what if I forgot my account number?
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
spie
post Sep 20 2006, 02:06 PM


Casual
***
Group: Junior Member
Posts: 306

Joined: Jun 2005


QUOTE(masterelr @ Sep 20 2006, 01:57 PM)
I thought I'd also ask...
Recently I just resigned from a company after five months. They opened an EPF (and SOCSO) account for me when I joined so every month they deduct it from my salary. Now that I've resign, what happens to the money they deducted for EPF and SOCSO? Can I still use the same account and continue when I join another company? Em...what if I forgot my account number?
*
Ur EPF and SOCSO is not registed with ur company, but with KWSP. as long as u hav ur account in KWSP. it will always be ur money and u might use it when u retired. U can go to any KWSP branches to check ur account's statement using MyCard.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
GiNgEr^fIsH
post Sep 20 2006, 02:06 PM


**got STImulation?**
******
Group: Senior Member
Posts: 1,667

Joined: Jan 2003
From: Subang / Malacca


QUOTE(Zaryl @ Sep 20 2006, 12:40 AM)
Is this what you call a SOCSO table? -->Socso Table

So then, in my case is the exceeds RM900 but does not exceed RM1,000 ?
That means,  21.4% from my allowance RM1000 = RM214 monthly? Is this correct?  unsure.gif

Man, I'm new to this tax stuff. Now I'm beginning to wonder how you working people can cope with paying all sort of taxes.  ohmy.gif
*
dude.. its only RM4.75... look at the employee contribution not the total.. the highest payment for socso monthly is RM14.75
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
spie
post Sep 20 2006, 02:09 PM


Casual
***
Group: Junior Member
Posts: 306

Joined: Jun 2005


QUOTE(jehutyz @ Sep 20 2006, 08:46 AM)
As i know as long as you're working company have to pay for the EPF. But nowdays lot of company want to runaway from the EPF therefore they maybe will hire you as a contract staff and no EPF contribution until you're permanent. Guess what i'm one of the victim for it. So you got to check ur agreement.
*
I think ur company is againsting the law, as far as i know if you are a official employed worker. u are subject to EPF contribution regardless of ur type of contract (Permanent or Contract).

I'm on contract with my company and they are paying more then others. like 13%
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
GiNgEr^fIsH
post Sep 20 2006, 02:12 PM


**got STImulation?**
******
Group: Senior Member
Posts: 1,667

Joined: Jan 2003
From: Subang / Malacca


QUOTE(ruztynail @ Sep 20 2006, 12:38 PM)
so lets say my pay is rm2100, how much would it be then after minusing epf and socso???
*
deductions will be epf RM231 and socso RM14.75
total : RM245.75

User is offlineProfile CardPM
Go to the top of the page
+Quote Post
ruztynail
post Sep 20 2006, 11:42 PM


Acrimonious Young Man
******
Group: Senior Member
Posts: 1,792

Joined: Jan 2005
From: world above you



QUOTE(Irresistible @ Sep 20 2006, 01:11 PM)
About RM 1850, after deduct EPF  11% & SOCSO RM 20 (assume)...

12%-19% EPF is contributed by employer, not u. (Normally, employer will only give a minimum of 12%)

HOPE thats help.
*
QUOTE(GiNgEr^fIsH @ Sep 20 2006, 02:12 PM)
deductions will be epf RM231 and socso RM14.75
total : RM245.75
*
thanks guys.. sigh earn so little only.. sosco goes into our benefit right? as in. we get it back at a later stage?

and whn do we start paying taxes? at wat amount. as far as i know 2100 dont need right? and whn we reach 2.6 thn we start to pay?

This post has been edited by ruztynail: Sep 20 2006, 11:43 PM
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
David83
post Sep 21 2006, 09:28 AM


Witch Doctor
Group Icon
Group: Elite
Posts: 35,797

Joined: Jan 2003
From: New Tristram
QUOTE(ruztynail @ Sep 20 2006, 11:42 PM)
thanks guys.. sigh earn so little only.. sosco goes into our benefit right? as in. we get it back at a later stage?
*
SOCSO is like an general insurance for employees; made compulsory by the government. It's like an insurance premium. You won't be getting it back at the later stage as EPF does.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
wasabi
post Sep 23 2006, 07:57 AM


Casual
***
Group: Junior Member
Posts: 430

Joined: Jun 2005
From: KL Tower
QUOTE(ruztynail @ Sep 20 2006, 11:42 PM)
and whn do we start paying taxes? at wat amount. as far as  i know 2100 dont need right? and whn we reach 2.6 thn we start to pay?
*
depend on ur status. whether ur married o single or wisdow ... with how many children...


as for bonus Tax... is divided by 12 months+basicpay
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
David83
post Sep 23 2006, 01:12 PM


Witch Doctor
Group Icon
Group: Elite
Posts: 35,797

Joined: Jan 2003
From: New Tristram
If you're a single, you'll be taxed more and not much tax relief you can filed for.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
GiNgEr^fIsH
post Sep 23 2006, 03:38 PM


**got STImulation?**
******
Group: Senior Member
Posts: 1,667

Joined: Jan 2003
From: Subang / Malacca


yup.. im a hr consultant.. so if anyone of u wish have a view at the pcb table.. PM me.. maybe i can forward them to u for ur reference.. cheers all

User is offlineProfile CardPM
Go to the top of the page
+Quote Post
jorineb
post Aug 6 2008, 01:51 PM


Casual
***
Group: Junior Member
Posts: 316

Joined: Dec 2004
How to calculate SOCSO?I know EPF is 11% from our salary.How bout SOCSo?

Plz help...im a freshie
User is offlineProfile CardPM
Go to the top of the page
+Quote Post

3 Pages  1 2 3 >
Bump TopicReply to this topicTopic OptionsStart new topic
 

Switch to:
| Lo-Fi Version
0.0584sec    1.84    5 queries    GZIP Disabled
Time is now: 25th April 2014 - 02:43 AM