SQL Payroll Software and Malaysia Statutory Requirements (EPF, SOCSO, PCB)

Managing payroll in Malaysia can be complicated, especially when handling statutory requirements like EPF, SOCSO, and PCB. Manual calculations may cause errors, delays, and compliance issues.

With SQL Payroll, businesses can automate payroll processing and stay compliant with Malaysia regulations more easily.

In Malaysia, employers must handle several mandatory deductions and contributions:

EPF (Employees Provident Fund)

• Retirement savings contribution for employees and employers
• Monthly contribution calculation
• Mandatory government compliance

SOCSO (Social Security Organisation, Perkeso)

• Protection coverage for employees in case of injury or accidents
• Required for eligible employees
• Includes employer contributions

PCB (Potongan Cukai Bulanan)

• Monthly tax deduction based on employee income as required by LHDN
• Calculated based on employee income

These requirements must be calculated accurately every month, and any mistake may lead to penalties or compliance issues.

Call us now to find out more about SQL Payroll Software.
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Kuala Lumpur, Malaysia
M: 012-203 7670
O: 03-2148 7670