How do I calculate EPF, SOCSO and EIS for a staff?
EPF for a Malaysian staff is 11% of wages from the employee, and 13% from the employer for wages up to RM5,000 or 12% above RM5,000. SOCSO and EIS are fixed amounts from the PERKESO wage band tables, for wages up to RM6,000. Foreign workers pay EPF at 2% and 2%, SOCSO for employment injury only and no EIS.
EPF
Employee 11%, employer 13% for wages up to RM5,000 and 12% above. The exact ringgit amount for each wage range is in the KWSP Third Schedule, so use the table or software that follows it. Pay by the deadline KWSP sets each month.
SOCSO and EIS
Both follow PERKESO wage bands. Find the band for the staff's monthly wage and read the employee and employer amounts. Wages above RM6,000 use the top band.
Foreign workers
EPF at 2% employee and 2% employer. SOCSO covers employment injury only. No EIS.
Do it faster
Use the free payroll calculator at /tools/payroll-calculator, no sign-up. Lucco Boss works out EPF, SOCSO, EIS and PCB every month, free for up to 3 staff, and gives you a CSV for KWSP.
Updated · Lucco Technology