Overtime is the number of hours an employee works in excess of normal hours of work per day.
The total hours of overtime is limited to 104 hours per month excluding rest days and public holidays.
Rates for overtime payment are as follows:
| Normal days | : | 1.5 times the hourly rate for each hour |
| Rest days | : | 2 times the hourly rate for each hour |
| Public holidays | : | 3 times the hourly rate for each hour |
Overtime is covered in the Employment Act Section 60A
From January 2012, the Employers contribution for employees earning RM5,000.00 or less has been increased from 12% to 13%. Employees contributions remain at 11%, no change to the existing rate. Total monthly contribution to EPF would now be 24%, made up of 13% Employer contribution and 11% Employee contribution. For employees aged 55 and above,…
KWSP has made available the schedule of EPF contributions payable under the revised Employee contribution rate of 8% which is effective from March 2016. The schedule can be downloaded from here. Employers will continue to contribute 13%. Notis KWSP 17A Khas 2016 This is for employees who prefer to continue contributing 11% instead of the…
The Employees’ Social Security (Amendment) Act 2015, tentatively due to come into force from 1st July 2016, increases the mandatory contribution from a monthly salary of RM3,000.00 to RM4,000.00. The maximum contributions by the employer and employee will also increase as follows: Employers from RM51.65 to RM69.15 Employees from RM14.75 to RM19.75 admin See Full…
August 2018 Datuk Seri Dr Wan Azizah, who is also Women, Family and Community Development Minister, said the 2% contribution by the husbands to their non-working wives would be taken from the 11% they contributed to their own EPF account from their salary. The proposal to pay Employees Provident Fund (EPF) contribution to housewives does…
Payroll involves time consuming tasks that will need to be repeated every month. It is a non revenue generating function of your business, but needs to be handled on a timely and efficient way if you are to keep your employees motivated and happy. Four reasons to outsource your payroll administration are: Saves money, Is…
Employment income is taxed at progressive rates ranging from 0% to 28%. Self assessment for individuals was introduced from the year of assessment 2004. With self assessment, the taxpayer bears the responsibility for correctly assessing his or her tax liability. The forms are issued in January of each year, and tax returns are to be…