Contributions can be paid through three methods which are:
i) Remittance of payment through commercial banks' or employers who submit payments using preprinted Monthly Contribution Schedule (Form 8A).SOCSO's appointed banks are:-
• CIMB Bank Berhad
• Maybank Berhad
• RHB Bank Berhad
• Public Bank Berhad
• Bank Muamalat
• Pejabat Pos Malaysia (for Sabah & Sarawak only).
The certified printed payment slip is a proof of contributions made by employer. Employers are advised to make copies of Monthly Contribution Schedule (Form 8A) for record purposes.If monthly contribution is made using a SOCSO preprinted Monthly Contribution Schedule (Form 8A), please pay attention to the following details:-
• State the amount of contribution to be paid for an employee in column (6) of Monthly Contribution Schedule (Form 8A)
• If there is no contribution due to unpaid leave, enter the number 00.00 in column (6)
• Mark X in section (2) if the employee has resigned and write the date of the resignation in column (3)
• For employees whose name are not printed, write the date of employment in column (3) (Registration of the employee must also be made in Form 2.)
• When all contributions have been inserted and checked for accuracy, the amount must be added up and the total from each page to be brought to the front (if any) and the amount total amount must be written on the last page.
• Mark (/) at the designated box of whether the payment is in the form of cash or cheque as well as the amount paid in the space provided.
• If the payment is by cheque, please write the cheque number at the space provided. Employer Code Number and the month of the contribution must also be written at the back of the cheque. The cheque must be made payable to Kumpulan Wang Keselamatan Sosial. Please make sure that the amount on the cheque is in tally with the grand total in Monthly Contribution Schedule (Form 8A).
• Write down all relevant details such as Employer's name, Employer Code Number, the month and year of the contribution and SOCSO's bank account number on the payment slip for contribution to SOCSO which can be obtained from the appointed bank.
• The completed Monthly Contribution Schedule (Form 8A) must be submitted to the appointed bank along with the completed SOCSO's contribution payment slip for payment purposes.
• The payment slip is carbonised in three copies, which are bank's copy, SOCSO's copy, and employer's copy.
• The Bank's representative will endorse the acceptance of the payment and return the employer's copy. The employer is required to keep the copy and present to the SOCSO Inspection Officer when requested. If there is any shortfall of contributions for any month, the insufficient amount must be paid through any appointed bank following the same procedure stated above by using Short payment/underpayment Contribution Schedule (Form 8B) which can be obtained at the nearest SOCSO office. The employer must fill in all relevant details such as employer's name and address, Employer Code Number and the month of the contribution in the form.
ii) Payment Via Internet Banking
Employer must be registered and has an account at any of the following banks. For more information, please contact the relevant bank:-
(a) Maybank Berhad (MayBank2e.net, 03-20727192, 1 300 887788)
(b) CIMB Bank Berhad (Biz Channel, 03-22956199, 1 300 880 900)
(c) RHB Bank Berhad (eHR2, 03-92806657)
(d) Public Bank Berhad (PBeBank.com, 03-21766751)
Note: The telephone numbers are subject to changes by the banks
iii) Payment At SOCSO's Office
SOCSO office only accepts payment by cheque or postal money order. For employers who submit contribution records through computer diskette/tape, payment must be made at the SOCSO office where they are registered. Employers are encouraged to send Monthly Contribution Schedule (Form 8A) through tape or diskette. For further clarification on using tape or diskette, employers may contact the nearest SOCSO office or log on to SOCSO's website at www.perkeso.gov.my .
Employers are encouraged to use this method because:
• Submission of Contribution Schedule in the form of diskette/tape together with the monthly contribution payments can be made at any SOCSO office nationwide.
• A speedy processing of the monthly contribution payments and minimizing data entry errors.
Due Date For Contribution Payment
Contribution for a certain month must be paid not later than the last day of the following month. For example, contribution for the month of April 2007 must be paid not later than 31th May 2007.
INTEREST ON LATE PAYMENTS OF CONTRIBUTIONS (ILPC)
Employers who fail to pay the monthly contribution within the specified period will be liable for ILPC as stipulated under Regulation 33 of the Employee's Social Security (General) Regulations, 1971. The interest imposed will be imposed at a rate of 6% per annum in respect of each day delayed or default in payment of contribution after the given period ends provided that:-
a. If the amount of interest calculated is less than RM5.00, then the interest payable shall be RM5.00 in respect of each month part of month;
b. If the month of interest exceeds RM5.00, then the interest payable shall be calculated to the next highest multiple of RM5.00 in respect of each month or part of a month.
Employer has paid contribution for the month of February 2006 amounting RM50.50 on 15.5.2006.
Method of calculation:
RM50.50 X 6% X 30/365 = RM0.249 (ILPC being charged is RM5.00)
RM50.50 X 6% X 15/365 = RM0.125 (ILPC being charged is RM5.00
Employer has delayed for 45 days and the total amount of ILPC payable are RM10.00.
Employer has paid contribution for the month of February 2006 amounting RM5000.00 on 15.5.2006.
Method of calculation:
RM5000 X 6% X 30/365 = RM24.66 (ILPC being charged is RM25.00)
RM5000.00 X 6% X 15/365 = RM12.33 (ILPC being charged is RM15.00)
Employer has delayed for 45 days and the total amount of ILPC payable are RM40.00
Employer Cease Operation
Employer who cease their operation or retrench all their employess must fill up Form 1A within 30 days before their operation end and send it to the nearest Socso office.
Under the Employee's Social Security Act, 1969, an employer may be fined not more than RM10,000 or two years' imprisonment or both if he is found guilty for the following offences
• Default or delay in registering the business /company
• Default or delay in registering eligible employees
• Default or delay in paying monthly contributions
Forms and further information can be obtained by contacting the nearest SOCSO office or by logging on to www.perkeso.gov.my