The PCB (Potongan Cukai Berjadual) Calculator 2024 is an essential tool provided by LHDN Malaysia to help employers accurately compute monthly tax deductions for employees. This guide walks you through each step to calculate PCB, especially for employees who were not employed earlier in the year. Step 1: Access the PCB Calculator Step 2: Enter Employee Personal Details Fill in […]
Working hours play a vital role in the employment landscape, shaping how businesses operate and ensuring a balanced work-life environment for employees. In Malaysia, working hours are regulated under the Employment Act 1955, which ensures that employees are not overworked while still maintaining productivity. Whether you’re an employer or employee, understanding the rules governing working hours, overtime, and rest days […]
If you are an employer in Malaysia, it is essential to register your business with three key government agencies: the Employees Provident Fund (EPF), the Social Security Organisation (SOCSO), and the Inland Revenue Board of Malaysia (LHDN). Each registration serves different purposes, from retirement savings to employment injury protection and income tax. This guide will walk you through the steps […]
Effective October 1, 2024, employers in Malaysia must adhere to updated contribution tables for the Social Security Organisation (SOCSO) and Employment Insurance System (EIS). This update raises the wage ceiling for contributions from RM5,000 to RM6,000 per month. Employees earning more than RM5,000 will now have their contributions capped at the new ceiling of RM6,000. This change is aimed at […]
Employment contracts are vital documents that establish the terms and conditions of the working relationship between employers and employees. In Malaysia, these contracts are governed by the Employment Act 1955 and other relevant labor laws. This article provides a detailed overview of employment contracts in Malaysia, highlighting essential elements for both parties to ensure a clear, fair, and legally compliant […]
In managing employee relationships, two essential documents often come into play: the Employee Handbook and the Employment Contract. While both are integral to workplace management, they serve different purposes. Understanding the differences between these two documents can help clarify both employer and employee rights and obligations in Malaysia. 1. Purpose 2. Legal Enforceability 3. Scope 4. Modifiability 5. Content 6. […]
The main function of SOCSO is to provide social security protection to employees and their dependents through the Employment Injury and the Invalidity Scheme.
The Employees Provident Fund (EPF) is a key pillar of Malaysia’s retirement savings scheme, providing financial security for individuals in their retirement years. Besides its role in retirement planning, the EPF also offers significant tax benefits, allowing contributors to reduce their taxable income. Understanding how EPF contributions work, including the tax exemptions available, is crucial for both employees and the […]
Probationary periods are a common practice in many Malaysian companies, serving as a critical phase where employers can assess whether a new employee is the right fit for the organization. However, not all employees successfully meet the expectations set during this period, leading to a decision of non-confirmation. Understanding the requirements and steps for non-confirmation is essential to ensure the […]
Employee management in Malaysia is governed by a well-structured legal framework designed to protect both employers and employees. Understanding these regulations is crucial for maintaining compliance and fostering a positive work environment. This article will cover key aspects of employee management in Malaysia, including employee status, relevant laws, hiring foreign employees, minimum wage, employment rights, and termination rules. 1. What […]
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