Articles on: [Version 2.0 Eng] Contribution

[Version 2.0] How the MySyarikat System Calculates Staff EIS/SIP Contributions (EIS Automatic)

The MySyarikat system calculates the Employee Insurance System (SIP) deduction using basic salary & the deduction is calculated according to the rate set by SOCSO.

For reference & more information, you can refer to the following link:

Note: This function needs to be 'On' to avoid any EIS deduction calculation errors

How is this value calculated in the system?

Click the 'View' icon next to How did we calculate this? The following description will be displayed:

1) The calculation is calculated according to the basic salary of the staff

2) Look at the Rate of contribution for Employees' Social Security Act 1969 (Act 4) table on the SOCSO website. Then, you can refer to column > RM1400 to RM1500 will display the contribution amount for employee & employer

Updated on: 06/03/2024

Was this article helpful?

Share your feedback


Thank you!