Budget 2016
SOCSO Contributions
Mandatory salary bracket for contribution to SOCSO raised from RM3,000.00 to RM4,000.00
Minimum wage
Income tax – Personal reliefs
Spouse relief
From RM3,000.00 to RM4,000.00 for those with spouse not working.
Parents
RM1,500.00 for those with parents as dependents.
Children
RM8,000.00 for children above 18 studying locally or overseas
RM2,000.00 for children below 18
Personal Income Tax Rates
Income tax rates increased for the following income bands:
| RM600,000.00 to RM1,000,000.00 | 25% to 26% |
| above RM1,000,000.00 | 28% |
