1. What is Take Home Salary?

Take home salary (net salary) is the amount an employee receives after all deductions like taxes, EPF (Employees Provident Fund), and SOCSO (Social Security Organization) have been subtracted from the gross salary.

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)

3. Importance of Salary Calculation

Details: Understanding your net salary helps in financial planning, budgeting, and ensuring you're receiving the correct amount after all mandatory deductions.

4. Using the Calculator

Tips: Enter your gross salary and all deduction amounts in MYR. The calculator will compute your take-home pay. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

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

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

Q3: How is income tax calculated in Malaysia?
A: Malaysia uses a progressive tax rate system where the tax rate increases as the taxable income increases.

Q4: Are there other deductions not included here?
A: Yes, there might be other deductions like EIS (Employment Insurance System), PCB (Monthly Tax Deduction), or company-specific deductions.

Q5: Can I use this for self-employed income?
A: No, this calculator is designed for employed individuals with standard salary deductions.