Monthly Salary Payment
Salaries are paid to staff monthly in arrears, by transfer of fund to the staff member's bank account. The salary shall become due for payment to the staff member on the last day of each month.
Monthly E-Pay Slip
Staff will be issued a monthly e-pay slip which provides detailed information on the payment made to statutory bodies and their final net pay for the month.
The University currently contributes an amount equivalent to 18% of the staff member's basic salary. The EPF contribution for all allowances is in accordance to the prevailing statutory rate. The staff member will contribute 8 to 11% to EPF.
The University reserves the right to vary the percentage of contribution by the University to EPF on its basic salary, subject to the provision of the law.
The University currently contributes an amount which is equivalent to the amount prescribed by SOCSO and deducts the staff member's contribution from the monthly salary to be paid directly to SOCSO.
The staff member who is a registered member with SOCSO is responsible to inform the University of his membership.
The following amendments have been made to Employees’ Social Security Act 1969, effective 1 June 2016:-
1. The ceiling of wage for contribution payment has been raised from RM3,000.00 per month to RM4,000.00 per month.
2. All employees who are employed under a contract of service or apprenticeship in the private sector need to be insured under the Employees’ Social Security Act, 1969 by operations of law regardless of their salary.
3. Contribution will be capped at monthly remuneration of RM4,000.00.
The Schedular Tax Deduction or Potongan Cukai Bulanan (PCB) is a collection scheme whereby it is obligatory for each employer to deduct from the salary of its staff members following a schedule as determined by LHDN for payment of income tax of the staff.
The Annual Income Statement (EA Form) for the previous year will be issued to staff members to facilitate the filing of income tax to the Inland Revenue Department (IRD).
The statement will be issued one (1) month before the due date of the Income Tax submission.