1. What is Net Salary?

Net salary is the amount an employee takes home after all deductions (tax, EPF, SOCSO, etc.) have been subtracted from the gross salary. It represents the actual amount received by the employee.

2. How Does the Calculator Work?

The calculator uses the simple salary 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)

3. Importance of Salary Calculation

Details: Understanding net salary helps employees budget effectively and understand their take-home pay after mandatory deductions in Malaysia.

4. Using the Calculator

Tips: Enter all values in MYR. Gross salary must be greater than 0. All deduction fields must be filled (enter 0 if no deduction applies).

5. Frequently Asked Questions (FAQ)

Q1: What is EPF in Malaysia?
A: The Employees Provident Fund is a mandatory retirement savings scheme where both employees and employers contribute a percentage of the salary.

Q2: What is SOCSO?
A: Social Security Organization provides social security protection to employees against work-related injuries and invalidity.

Q3: Are there other deductions not included here?
A: Yes, there might be additional deductions like EIS, PCB, or other company-specific deductions not accounted for in this simple calculator.

Q4: How accurate is this calculator?
A: This provides a basic estimate. For precise calculations, consult official tax tables and contribution rates.

Q5: Can I use this for self-employed income?
A: No, this calculator is designed for employment income with standard deductions. Self-employed individuals have different contribution schemes.