Managing & Processing Payroll in Malaysia
Introduction
Payroll is an organisation’s financial records of employees’ salary payments, bonuses and deductions. An organisation’s payroll management is expected to adhere to the latest statutory obligations as they are subjected to law and regulations. Effective and efficient payroll management ensures payslips are properly prepared, salaries are paid and statutory returns completed.
Apart from Employment Terms and Conditions, this program will also highlight to participants the computation of EPF, SOCSO, EIS, HRD levy contributions and income tax deductions in compliance with the legal requirements in Malaysia. In addition, the Malaysian payroll system, up-keeping of payroll system and other statutory requirements will also be covered.
Course Objectives
By the end of this course, you will be able to:
- Learn how to calculate pay based on employment terms and conditions according to the Employment Act 1955
- Have an understanding of termination and lay-off benefits and its computation
- Understand the computation of EPF, SOCSO, EIS, HRD levy contributions and income tax deduction
- Understand in detail the background and benefits of EPF, SOCSO, EIS, HRD levy contributions and income tax deduction
- Learn how to set up the payroll system and up- keeping of payroll system.
- To understand what are the year-end reports and statutory requirements
Methodology
- Highly interactive, you will learn via PowerPoint presentations
- Presentations, groups discussion and worksheets
- Highly practical and experiential learning examples
- Lively discussions and informative Q&A sessions
- Highly informative and practical course notes for reference
Who Should Attend?
- Finance Managers/ Accountants
- Finance/ Accounts Executives
- Human Resource Managers/ Executives
- Administration
- Personnel Managers/ Executives
- Payroll Executives
- Anyone who’s responsible for payroll processing
Training Delivery
- Face to Face Training
or
- Remote Training via Zoom Platform
- Day One
- Day Two
Day One
MODULE 1: DEFINITION OF PAYROLL
MODULE 2: TERMS & CONDITIONS
MODULE 3: APPLICATION OF EMPLOYMENT ACT
MODULE 4: PART TIME EMPLOYEES
MODULE 5: EMPLOYMENT RELATED CALCULATIONS
MODULE 6: APPLICATION OF EMPLOYMENT RELATED CALCULATIONS
MODULE 7: TERMINATION & LAY-OFF BENEFITS
MODULE 8: APPLICATION OF TERMINATION & LAY-OFF BENEFITS
Day Two
MODULE 9: EMPLOYEES PROVIDENT FUND (EPF)
MODULE 10: SOCIAL SECURITY ORGANISATION (SOCSO)
MODULE 11: EMPLOYMENT INSURANCE SYSTEM (EIS)
MODULE 12: HUMAN RESOURCES DEVELOPMENT CORPORATION (HRDCORP)
MODULE 13: INCOME TAX DEDUCTIONS
MODULE 14: EMPLOYER’S RESPONSIBILITIES SECTION 83 INCOME TAX ACT 1967
MODULE 15: SETTING UP PAYROLL SYSTEM AND UP-KEEPING
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