Employer cost estimate
employer_cost_estimateCost a HYPOTHETICAL hire: give a monthly wage and get back what that employee would really cost the employer each month — the wage plus employer EPF, SOCSO, EIS and the HRD Corp levy at this company's own rate — and what the employee would actually take home after employee EPF, SOCSO, EIS, SKBBK and PCB/MTD. Use it for "if I hire someone at RM4,000, what does it really cost me?" and "what would they take home?". Optional: residency (RESIDENT, the default, or NON_RESIDENT — a non-resident is taxed at a flat 30%), citizenship (MALAYSIAN or FOREIGNER — this drives the HRD Corp levy and makes SKBBK mandatory; it does NOT change the EPF, SOCSO or EIS rates applied, and it does not change tax residency, so set residency too), ageBand (UNDER_60 or 60_AND_OVER — reduced EPF and SOCSO Category 2), and epfEmployeeRate if the employee elects a reduced EPF rate. The PCB comes from Taokeh's implementation of LHDN's official computerised MTD method — the calculation IRBM confirmed in writing on 13 August 2026 (letter ref 2026-256) — not from a simplified formula. The defaults are RESIDENT, single, no children and NO TP1 reliefs, because reliefs are per-employee paperwork nobody has filled in for a person who does not exist yet; every assumption is spelled out in the reply and MUST be repeated to the user. Present it as an estimate on stated assumptions, never as a quote or as tax advice. READ-ONLY — it creates nothing, hires nobody and files nothing. ADMIN ONLY, like every payroll tool here.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| ageBand | No | ||
| residency | No | ||
| citizenship | No | ||
| monthlyWage | Yes | ||
| epfEmployeeRate | No |