Payroll Services in Malaysia
Exotic Group deliver top quality and professional HR services to their clients in conformance with the set standards.
Package Fee for Payroll / Human Resource Services
| Packages Available | Fee (RM) |
|---|---|
| EPF Account Application | from RM300.00 per application |
| Online PCB (“Potongan Cukai Bulanan” or “MTD” in English abbreviation) account application | from RM300.00 per application |
| SOCSO Account Application | from RM300.00 per application |
| EIS Account Application | from RM300.00 per application |
| ZAKAT Account Application | from RM300.00 per application |
| HRDF Assessment and/or Account Registration | from RM500.00 per application |
| One time payroll setup fee | from RM300.00 per application |
| One time bank setup fee | from RM700.00 per application |
| Monthly Payroll Processing Services@ | from RM100 per staff (minimum) |
| Less than or equal to 5 more than 1 | RM50.00 per staff |
| Less than or equal to 10 more than 5 | RM45.00 per staff |
| Less than or equal to 20 more than 10 | RM40.00 per staff |
| Less than or equal to 30 more than 20 | RM38.00 per staff |
| More than 30 ** | Negotiable |
| Deregistration of EPF Account | from RM500.00 per application |
| Deregistration of SOCSO Account | from RM500.00 per application |
| Deregistration of EIS Account | from RM500.00 per application |
| Deregistration of Zakat Account | from RM500.00 per application |
| Deregistration of HRDF Account | from RM1,000.00 per application |
| Preparation & Drafting of Standard Employment Contract | from RM1,00.00 per contract |
| Review & Advisory on Employment Contract/Employee Handbook | Negotiable |
| Custodian service to the government authorities | |
| Less than or equal to 5 | RM50.00 per month (minimum) |
| Less than or equal to 10 more than 5 | RM60.00 per month |
| Less than or equal to 20 more than 10 | RM70.00 per month |
| Less than or equal to 30 more than 20 | RM80.00 per month |
| More than 30 | Negotiable |
| Bank Charges | |
| – Using our cheque | RM2.50 per cheque |
| – Using online transfer (IBG) | RM1.00 per transaction |
| – Using online transfer (Instant transfer) | RM1.50 per transaction |
| Preparation Of Form E | from RM400.00 per submission |
| Preparation Of Form EA | RM40.00 per staff |
| Preparation Of CP21 * | from RM300.00 per application |
@ include preparation of payroll report, payslip and EPF/SOCSO/PCB form
* Please inform us once you are made known of any resignation of employee, so that we have sufficient time to prepare tax clearance for the resigning employee (if necessary). We will not held responsible for any late submission of tax clearance to IRB.
** For bulk payroll processing with more than 30 employees, please contact us for a customised and comprehensive fee package.
One of the most important tasks for all businesses is the preparation of payroll and payment of salary. The process can be complicated further and be more time-consuming due to additional components such as benefits, allowances, deductions, government remittance, etc. It is no surprise that many SMEs choose to outsource their payroll function to accounting firms.
Our payroll specialists are well-trained and equipped with the most advanced payroll systems to process even the most complex payroll account.
Our service ensures that the government remittances such as EPF are paid on time, tax filing requirements are followed and payroll information is kept confidential at offsite facilities.
How it Works
When you engage Exotic Group’s Payroll Service, you will be assigned a payroll officer who will personally work with you on your payroll needs.
Based on the information and required documents you submit to us, your payroll officer will review and organize the submitted information to create and maintain your payroll ledger. The payroll officer will also, per your instruction, make payments and submit all necessary payroll taxes.
Our Payroll Service includes, but is not limited to, the following accounting functions:
- Salary calculation based on weekly, bi- weekly or monthly pay periods
- Salary payment to employees through bank transfers
- EPF/SOCSO/EIS/ZAKAT/HRDF/PCB registration and timely monthly payment
- Issuance of Form EA for personal tax filings including statutory annual returns
Quick Links
Summary of Employment Laws in Malaysia
Statutory Payroll Contributions
Employment of Expatriates in Malaysia