Effective Payroll Management

Payroll is an organization’s financial records of employee’s salary payments, bonuses and deductions. An organization’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, HRDF contributions and income tax deductions according to the Employment Act 1955. In addition, the Malaysian payroll system, up-keeping of payroll system and other statutory requirements will also be covered.

WHO SHOULD ATTEND?
• Anyone handling salary for employees

OBJECTIVES
At the end of this course, participants will be able to:
• Learn how to calculate pay based on employment terms & 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, HRDF contributions and income tax deduction.
• Understand in detail the background and benefits of EPF, SOCSO, HRDF 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 & statutory requirement.

COURSE CONTENTS
1) Definition of Payroll
a) Definitions
b) Casual Workers
c) Temporary Employees
d) Employees Outside the Coverage of the Employment Act
e) Salary for Incomplete Months
f) Ordinary Rate of Pay
g) Notice Period and Termination
h) Inquiry, Misconduct and Suspension
i) Payment of Wages
j) Imprisonment and Court Attendance
k) Annual Bonus
l) Deduction from Wages
m) Advances to Employees
n) Female Employees
o) Rest Day
p) Work on Rest Day
q) Hours of Work
r) Shift Work
s) Holidays
t) Annual Leaves
u) Sick Leaves

2) Employment Terms and Conditions & Its Application

3) Employment Related Calculations & Its Application
a) Part-time Employees
b) Wage Periods
c) Overtime on Public Holidays
d) Normal Overtime
e) Maternity Allowance
f) Unpaid Leave
g) Payment in Lieu of Notice
h) Payment for Annual Leave

4) Termination and Lay-Off Benefits & Its Application

5) Employees Provident Fund (EPF)
a) Obligations on Employers and Employees
b) Accounts of Contributors
c) EPF Benefits
d) Additional Amount Payable to Members
e) Investment by Members in Fund Management Institutions
f) EPF Members Savings Investment Scheme
g) Retirement
h) General
i) Rate of Monthly Contribution

6) Social Security Organization (SOCSO)
a) 1st Category SOCSO Contributions
b) 2nd Category SOCSO Contributions
c) Assumed Wages
d) Calculation of Temporary Disablement Benefit

7) Income Tax Deductions
a) Objectives of the Monthly Tax Deduction (MTD)
b) Employees Residence Status
c) Employee Category
d) Definition of Remuneration in the Income Tax context
e) Benefits-in-Kind (BIKs) and Value of Living Accommodation (VOLA)
f) Allowable Deduction and Rebate Under the Act
g) Child Relief
h) Optional Deductions
i) Computerized Calculation Method and Schedular Tax Deduction Method
j) Additional Remuneration Formula
k) Compensation for Loss of Employment
l) Additional information of the Monthly Tax Deduction (MTD)

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