1. What is the Hays Salary Calculator?

The Hays Salary Calculator helps employees in Malaysia estimate their net take-home pay after accounting for mandatory deductions including income tax, EPF (Employees Provident Fund), and SOCSO (Social Security Organization).

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Gross\ Salary \) — Total salary before deductions (MYR)
• \( Tax \) — Income tax amount (MYR)
• \( EPF \) — Employees Provident Fund contribution (MYR)
• \( SOCSO \) — Social Security Organization contribution (MYR)

Explanation: This calculation provides the actual take-home pay after all mandatory Malaysian payroll deductions.

3. Importance of Net Salary Calculation

Details: Understanding net salary helps employees budget effectively, negotiate better employment terms, and plan their finances accurately.

4. Using the Calculator

Tips: Enter your gross monthly salary and the amounts for tax, EPF, and SOCSO based on your payslip or employment contract. All values must be in MYR.

5. Frequently Asked Questions (FAQ)

Q1: What is EPF in Malaysia?
A: The Employees Provident Fund is a compulsory savings scheme where employees contribute 11% of their salary and employers contribute 12-13%.

Q2: How is SOCSO calculated?
A: SOCSO contributions are based on salary brackets, with employees contributing 0.5-1.75% of their salary depending on the category.

Q3: Are there other deductions not included here?
A: Yes, this calculator focuses on mandatory deductions. Additional deductions like EIS, PCB, or voluntary deductions may apply.

Q4: How accurate is this calculator?
A: Accuracy depends on the input values. For precise calculations, refer to official tax and contribution tables.

Q5: Can I use this for annual salary calculations?
A: This calculator is designed for monthly calculations. For annual figures, multiply the results by 12 (adjusting for bonuses if applicable).