For employers and employees seeking clarity on SOCSO contribution rates 2024, this guide provides a comprehensive understanding of the financial obligations associated with social security. As businesses navigate the complexities of employee benefits, a solid grasp of SOCSO contribution is integral for compliance and financial planning.
For a more reliable and simpler SOCSO calculation, you may use SOCSO calculator or automate monthly SOCSO calculation with a free HR software - HR.my.
Note: Effective 1 October 2024, PERKESO will enforce a new wage ceiling for contributions from RM5,000 to RM6,000 per month. 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.
Categories of SOCSO Contribution
Understanding the SOCSO fund involves navigating two distinct categories. The first category covers both the Employment Injury Scheme and the Invalidity Scheme. In this category, applicable to employees below the age of 60 except for those who have attained 55 years of age and have no prior contributions before they reach 55 due to non-eligibility under the Employees’ Social Security Act, 1969, employers are mandated to contribute 1.75% of the employee's total salary. Simultaneously, employees are required to contribute 0.5% of their salary amount. The combined sum forms the total contribution directed towards the SOCSO fund.
The second category focuses on the Employment Injury Scheme under SOCSO, where a fixed contribution rate of 1.25% is calculated based on the total monthly salary. This contribution is the sole responsibility of the employer and applies to specific groups, including workers above the age of 60 or employees aged 55 and above who have no prior SOCSO contributions.
Category 1 SOCSO Contribution Table (Employment Injury Scheme and Invalidity Scheme)
| Total Monthly Wages | Employer Contribution (RM) | Employee Contribution (RM) | Total Contribution (RM) |
|---|---|---|---|
| Wages up to RM30 | 0.40 | 0.10 | 0.50 |
| Wages exceed RM30 but not exceed RM50 | 0.70 | 0.20 | 0.90 |
| Wages exceed RM50 but not exceed RM70 | 1.10 | 0.30 | 1.40 |
| Wages exceed RM70 but not exceed RM100 | 1.50 | 0.40 | 1.90 |
| Wages exceed RM100 but not exceed RM140 | 2.10 | 0.60 | 2.70 |
| Wages exceed RM140 but not exceed RM200 | 2.95 | 0.85 | 3.80 |
| Wages exceed RM200 but not exceed RM300 | 4.35 | 1.25 | 5.60 |
| Wages exceed RM300 but not exceed RM400 | 6.15 | 1.75 | 7.90 |
| Wages exceed RM400 but not exceed RM500 | 7.85 | 2.25 | 10.10 |
| Wages exceed RM500 but not exceed RM600 | 9.65 | 2.75 | 12.40 |
| Wages exceed RM600 but not exceed RM700 | 11.35 | 3.25 | 14.60 |
| Wages exceed RM700 but not exceed RM800 | 13.15 | 3.75 | 16.90 |
| Wages exceed RM800 but not exceed RM900 | 14.85 | 4.25 | 19.10 |
| Wages exceed RM900 but not exceed RM1,000 | 16.65 | 4.75 | 21.40 |
| Wages exceed RM1,000 but not exceed RM1,100 | 18.35 | 5.25 | 23.60 |
| Wages exceed RM1,100 but not exceed RM1,200 | 20.15 | 5.75 | 25.90 |
| Wages exceed RM1,200 but not exceed RM1,300 | 21.85 | 6.25 | 28.10 |
| Wages exceed RM1,300 but not exceed RM1,400 | 23.65 | 6.75 | 30.40 |
| Wages exceed RM1,400 but not exceed RM1,500 | 25.35 | 7.25 | 32.60 |
| Wages exceed RM1,500 but not exceed RM1,600 | 27.15 | 7.75 | 34.90 |
| Wages exceed RM1,600 but not exceed RM1,700 | 28.85 | 8.25 | 37.10 |
| Wages exceed RM1,700 but not exceed RM1,800 | 30.65 | 8.75 | 39.40 |
| Wages exceed RM1,800 but not exceed RM1,900 | 32.35 | 9.25 | 41.60 |
| Wages exceed RM1,900 but not exceed RM2,000 | 34.15 | 9.75 | 43.90 |
| Wages exceed RM2,000 but not exceed RM2,100 | 35.85 | 10.25 | 46.10 |
| Wages exceed RM2,100 but not exceed RM2,200 | 37.65 | 10.75 | 48.40 |
| Wages exceed RM2,200 but not exceed RM2,300 | 39.35 | 11.25 | 50.60 |
| Wages exceed RM2,300 but not exceed RM2,400 | 41.15 | 11.75 | 52.90 |
| Wages exceed RM2,400 but not exceed RM2,500 | 42.85 | 12.25 | 55.10 |
| Wages exceed RM2,500 but not exceed RM2,600 | 44.65 | 12.75 | 57.40 |
| Wages exceed RM2,600 but not exceed RM2,700 | 46.35 | 13.25 | 59.60 |
| Wages exceed RM2,700 but not exceed RM2,800 | 48.15 | 13.75 | 61.90 |
| Wages exceed RM2,800 but not exceed RM2,900 | 49.85 | 14.25 | 64.10 |
| Wages exceed RM2,900 but not exceed RM3,000 | 51.65 | 14.75 | 66.40 |
| Wages exceed RM3,000 but not exceed RM3,100 | 53.35 | 15.25 | 68.60 |
| Wages exceed RM3,100 but not exceed RM3,200 | 55.15 | 15.75 | 70.90 |
| Wages exceed RM3,200 but not exceed RM3,300 | 56.85 | 16.25 | 73.10 |
| Wages exceed RM3,300 but not exceed RM3,400 | 58.65 | 16.75 | 75.40 |
| Wages exceed RM3,400 but not exceed RM3,500 | 60.35 | 17.25 | 77.60 |
| Wages exceed RM3,500 but not exceed RM3,600 | 62.15 | 17.75 | 79.90 |
| Wages exceed RM3,600 but not exceed RM3,700 | 63.85 | 18.25 | 82.10 |
| Wages exceed RM3,700 but not exceed RM3,800 | 65.65 | 18.75 | 84.40 |
| Wages exceed RM3,800 but not exceed RM3,900 | 67.35 | 19.25 | 86.60 |
| Wages exceed RM3,900 but not exceed RM4,000 | 69.15 | 19.75 | 88.90 |
| Wages exceed RM4,000 but not exceed RM4,100 | 70.85 | 20.25 | 91.10 |
| Wages exceed RM4,100 but not exceed RM4,200 | 72.65 | 20.75 | 93.40 |
| Wages exceed RM4,200 but not exceed RM4,300 | 74.35 | 21.25 | 95.60 |
| Wages exceed RM4,300 but not exceed RM4,400 | 76.15 | 21.75 | 97.90 |
| Wages exceed RM4,400 but not exceed RM4,500 | 77.85 | 22.25 | 100.10 |
| Wages exceed RM4,500 but not exceed RM4,600 | 79.65 | 22.75 | 102.40 |
| Wages exceed RM4,600 but not exceed RM4,700 | 81.35 | 23.25 | 104.60 |
| Wages exceed RM4,700 but not exceed RM4,800 | 83.15 | 23.75 | 106.90 |
| Wages exceed RM4,800 but not exceed RM4,900 | 84.85 | 24.25 | 109.10 |
| Wages exceed RM4,900 but not exceed RM5,000 | 86.65 | 24.75 | 111.40 |
| Wages exceed RM5,000 but not exceed RM5,100 | 88.35 | 25.25 | 113.60 |
| Wages exceed RM5,100 but not exceed RM5,200 | 90.15 | 25.75 | 115.90 |
| Wages exceed RM5,200 but not exceed RM5,300 | 91.85 | 26.25 | 118.10 |
| Wages exceed RM5,300 but not exceed RM5,400 | 93.65 | 26.75 | 120.40 |
| Wages exceed RM5,400 but not exceed RM5,500 | 95.35 | 27.25 | 122.60 |
| Wages exceed RM5,500 but not exceed RM5,600 | 97.15 | 27.75 | 124.90 |
| Wages exceed RM5,600 but not exceed RM5,700 | 98.85 | 28.25 | 127.10 |
| Wages exceed RM5,700 but not exceed RM5,800 | 100.65 | 28.75 | 129.40 |
| Wages exceed RM5,800 but not exceed RM5,900 | 102.35 | 29.25 | 131.60 |
| Wages exceed RM5,900 but not exceed RM6,000 | 104.15 | 29.75 | 133.90 |
| Wages exceed RM6,000 | 104.15 | 29.75 | 133.90 |
Category 2 SOCSO Contribution Table (Employment Injury Scheme)
| Total Monthly Wages | Employer Contribution (RM) |
|---|---|
| Wages up to RM30 | 0.30 |
| Wages exceed RM30 but not exceed RM50 | 0.50 |
| Wages exceed RM50 but not exceed RM70 | 0.80 |
| Wages exceed RM70 but not exceed RM100 | 1.10 |
| Wages exceed RM100 but not exceed RM140 | 1.50 |
| Wages exceed RM140 but not exceed RM200 | 2.10 |
| Wages exceed RM200 but not exceed RM300 | 3.10 |
| Wages exceed RM300 but not exceed RM400 | 4.40 |
| Wages exceed RM400 but not exceed RM500 | 5.60 |
| Wages exceed RM500 but not exceed RM600 | 6.90 |
| Wages exceed RM600 but not exceed RM700 | 8.10 |
| Wages exceed RM700 but not exceed RM800 | 9.40 |
| Wages exceed RM800 but not exceed RM900 | 10.60 |
| Wages exceed RM900 but not exceed RM1,000 | 11.90 |
| Wages exceed RM1,000 but not exceed RM1,100 | 13.10 |
| Wages exceed RM1,100 but not exceed RM1,200 | 14.40 |
| Wages exceed RM1,200 but not exceed RM1,300 | 15.60 |
| Wages exceed RM1,300 but not exceed RM1,400 | 16.90 |
| Wages exceed RM1,400 but not exceed RM1,500 | 18.10 |
| Wages exceed RM1,500 but not exceed RM1,600 | 19.40 |
| Wages exceed RM1,600 but not exceed RM1,700 | 20.60 |
| Wages exceed RM1,700 but not exceed RM1,800 | 21.90 |
| Wages exceed RM1,800 but not exceed RM1,900 | 23.10 |
| Wages exceed RM1,900 but not exceed RM2,000 | 24.40 |
| Wages exceed RM2,000 but not exceed RM2,100 | 25.60 |
| Wages exceed RM2,100 but not exceed RM2,200 | 26.90 |
| Wages exceed RM2,200 but not exceed RM2,300 | 28.10 |
| Wages exceed RM2,300 but not exceed RM2,400 | 29.40 |
| Wages exceed RM2,400 but not exceed RM2,500 | 30.60 |
| Wages exceed RM2,500 but not exceed RM2,600 | 31.90 |
| Wages exceed RM2,600 but not exceed RM2,700 | 33.10 |
| Wages exceed RM2,700 but not exceed RM2,800 | 34.40 |
| Wages exceed RM2,800 but not exceed RM2,900 | 35.60 |
| Wages exceed RM2,900 but not exceed RM3,000 | 36.90 |
| Wages exceed RM3,000 but not exceed RM3,100 | 38.10 |
| Wages exceed RM3,100 but not exceed RM3,200 | 39.40 |
| Wages exceed RM3,200 but not exceed RM3,300 | 40.60 |
| Wages exceed RM3,300 but not exceed RM3,400 | 41.90 |
| Wages exceed RM3,400 but not exceed RM3,500 | 43.10 |
| Wages exceed RM3,500 but not exceed RM3,600 | 44.40 |
| Wages exceed RM3,600 but not exceed RM3,700 | 45.60 |
| Wages exceed RM3,700 but not exceed RM3,800 | 46.90 |
| Wages exceed RM3,800 but not exceed RM3,900 | 48.10 |
| Wages exceed RM3,900 but not exceed RM4,000 | 49.40 |
| Wages exceed RM4,000 but not exceed RM4,100 | 50.60 |
| Wages exceed RM4,100 but not exceed RM4,200 | 51.90 |
| Wages exceed RM4,200 but not exceed RM4,300 | 53.10 |
| Wages exceed RM4,300 but not exceed RM4,400 | 54.40 |
| Wages exceed RM4,400 but not exceed RM4,500 | 55.60 |
| Wages exceed RM4,500 but not exceed RM4,600 | 56.90 |
| Wages exceed RM4,600 but not exceed RM4,700 | 58.10 |
| Wages exceed RM4,700 but not exceed RM4,800 | 59.40 |
| Wages exceed RM4,800 but not exceed RM4,900 | 60.60 |
| Wages exceed RM4,900 but not exceed RM5,000 | 61.90 |
| Wages exceed RM5,000 but not exceed RM5,100 | 63.10 |
| Wages exceed RM5,100 but not exceed RM5,200 | 64.40 |
| Wages exceed RM5,200 but not exceed RM5,300 | 65.60 |
| Wages exceed RM5,300 but not exceed RM5,400 | 66.90 |
| Wages exceed RM5,400 but not exceed RM5,500 | 68.10 |
| Wages exceed RM5,500 but not exceed RM5,600 | 69.40 |
| Wages exceed RM5,600 but not exceed RM5,700 | 70.60 |
| Wages exceed RM5,700 but not exceed RM5,800 | 71.90 |
| Wages exceed RM5,800 but not exceed RM5,900 | 73.10 |
| Wages exceed RM5,900 but not exceed RM6,000 | 74.40 |
| Wages exceed RM6,000 | 74.40 |
In conclusion, mastering the nuances of SOCSO contribution is crucial for employers and employees alike. By unraveling the intricacies of the contribution rates and categories, businesses can ensure compliance and make informed decisions that align with both regulatory requirements and financial objectives. Stay tuned for updates on SOCSO contribution guidelines and empower your workforce with the knowledge needed for a secure and compliant future.