1. What is Salary with Overtime Calculation?

This calculator computes the net salary including overtime pay according to Malaysian labor laws. It accounts for standard deductions including tax, EPF (Employees Provident Fund), and SOCSO (Social Security Organization).

2. How Does the Calculator Work?

The calculator uses these formulas:

Where:

• Overtime Hours — Number of overtime hours worked
• Rate — Hourly rate in Malaysian Ringgit (MYR)
• Gross Salary — Base salary before deductions
• Tax — Income tax amount
• EPF — Employees Provident Fund contribution
• SOCSO — Social Security Organization contribution

3. Importance of Accurate Salary Calculation

Details: Proper salary computation ensures compliance with Malaysian labor laws, correct overtime compensation, and accurate deductions for tax and social security.

4. Using the Calculator

Tips: Enter all values in MYR. Overtime hours can include fractions (e.g., 1.5 hours). All financial values should be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the overtime rate in Malaysia?
A: The standard overtime rate is 1.5 times the normal hourly rate for work beyond normal working hours.

Q2: How is EPF calculated?
A: EPF is typically 11% of employee's salary (for employees earning ≤ RM5,000) but can vary. This calculator lets you input the exact amount.

Q3: Are there different overtime rates for weekends/holidays?
A: Yes, but this calculator uses the standard 1.5x rate. For 2x rates (public holidays), you would need to adjust the calculation manually.

Q4: What is included in SOCSO contributions?
A: SOCSO covers work injury insurance and invalidity pension schemes for employees in Malaysia.

Q5: Is this calculator suitable for all employment types?
A: This is designed for standard employment. Self-employed or contract workers may have different calculations.