Salary Calculation Formula:
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The Malaysia Government Salary Calculator computes net salary after statutory deductions including EPF, SOCSO, EIS, and income tax. It helps government employees estimate their take-home pay.
The calculator uses the following formula:
Where:
Details: Accurate salary calculation helps employees understand their take-home pay, plan finances, and verify payroll deductions.
Tips: Enter all values in MYR currency. Default EPF rate is 13% and EIS is 0.2%. SOCSO and tax rates vary based on income brackets.
Q1: What is the current EPF contribution rate?
A: The standard EPF contribution rate is 11% from employee and 13% from employer (total 24%).
Q2: How is SOCSO calculated?
A: SOCSO rates vary by salary range. For salaries up to MYR 5,000, the contribution is about 0.5% of wages.
Q3: Is EIS mandatory for all employees?
A: Yes, EIS is mandatory for all employees earning up to MYR 5,000 per month (0.2% employee contribution).
Q4: How accurate is the tax calculation?
A: This calculator uses a flat rate. For precise tax calculation, refer to LHDN's progressive tax rates.
Q5: Are there any other deductions not included?
A: This calculator doesn't include optional deductions like loan repayments or union fees.