What is EIS?
The Employment Insurance System (EIS) is a social security scheme implemented by the Malaysian government to provide financial assistance to employees who have lost their jobs involuntarily. EIS contributions are mandatory for both employees and employers. The scheme provides income support, job search assistance, and access to retraining programmes for retrenched workers.
What is an EIS calculator?
An EIS calculator is a tool that helps individuals and businesses calculate how much employers and employees need to contribute to Malaysia’s Employment Insurance System. It allows users to input their salary details for quick, accurate contribution estimates.
How to Use an EIS Calculator Effectively?
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- Enter your gross monthly salary.
- Select your Age Group and Residential Status.
- Click “Calculate.“
- View the respective Employee and Employer EIS contributions.
- That’s it!
How are EIS Contributions Calculated?
The Employment Insurance System (EIS) contribution is calculated based on the employee’s monthly salary, up to a maximum salary cap set by the government. The current EIS contribution rates are ~0.2% for employees and ~0.2% for employers, based on the employee’s monthly salary up. Read more about contribution rates for EIS.
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Compliance with Malaysian Regulations
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