Common use of Statutory Contributions & Monthly Tax Deduction Clause in Contracts

Statutory Contributions & Monthly Tax Deduction. The Company shall make necessary statutory contribution to the Employees Provident Fund (EPF), the Social Security Organisation (SOCSO) and the Employee’s Insurance Scheme (EIS) in accordance with the prevailing statutory requirements. The Company shall deduct such sums as may be required from your monthly salary for the contribution of EPF, SOCSO, scheduled monthly income tax deductions (PCB) and other similar contributions and/or payments as required by law.

Appears in 15 contracts

Samples: Executive Employment Agreement (Graphjet Technology), Executive Employment Agreement (Graphjet Technology), Executive Employment Agreement (Graphjet Technology)

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Statutory Contributions & Monthly Tax Deduction. The Company shall make necessary statutory contribution to the Employees Provident Fund (EPF), the EPF),the Social Security Organisation (SOCSO) and the Employee’s Insurance Scheme (EIS) in accordance with the prevailing statutory requirements. The Company shall deduct such sums as may be required from your monthly salary for the contribution of EPF, SOCSO, scheduled monthly income tax deductions (PCB) and other similar contributions and/or payments as required by law.

Appears in 1 contract

Samples: Share Purchase Agreement (Energem Corp)

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