1. What is Take Home Salary?

Take home salary is the amount an employee receives after all deductions like EPF, SOCSO, EIS, and PCB (tax) have been subtracted from the gross salary. It represents the actual amount deposited into your bank account each month.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Salary — Total salary before any deductions
• EPF — Employees Provident Fund contribution (typically 11% of salary)
• SOCSO — Social Security Organization contribution
• EIS — Employment Insurance Scheme contribution
• PCB — Monthly tax deduction (Potongan Cukai Bulanan)

3. Importance of Salary Calculation

Details: Understanding your take home 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 monthly salary and all known deductions. If you're unsure about deduction amounts, you may leave them as 0 to calculate just the gross salary.

5. Frequently Asked Questions (FAQ)

Q1: What are typical EPF contribution rates?
A: Employees typically contribute 11% of their salary to EPF, while employers contribute 12-13%.

Q2: How is SOCSO calculated?
A: SOCSO contributions are based on salary brackets, with rates between 0.5-1.75% of salary.

Q3: What is EIS?
A: The Employment Insurance System provides financial assistance to workers who lose their jobs, with contributions of 0.2% from employee and 0.2% from employer.

Q4: How is PCB determined?
A: PCB depends on your annual taxable income, tax reliefs, and tax brackets set by LHDN.

Q5: Are there other deductions not included here?
A: Some employers may deduct other items like loan repayments, insurance, or union fees which would further reduce take home pay.