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SSS Contribution Table 2024 - Employees and Employers. For employees and employers of a company here in the Philippines, the changes on the new SSS Contribution has taken effect since January 2024.
8 kwi 2023 · For employers and employees, here’s how to determine the monthly contribution using the new SSS contribution table: 1. On the leftmost column (“Range of Compensation”), find the salary bracket where the current monthly income falls and its corresponding Monthly Salary Credit (MSC) on the “Total” column.
An SSS contribution table is a list of various amounts that must be paid by employers and employees into the Social Security System each month to maintain their membership status. The contributions vary based on income levels, with higher incomes requiring larger amounts.
3 lut 2021 · Here are the official SSS Contribution Tables for 2021. Sample computations with mandatory SSS Provident Fund contribution also included.
The employee contribution table outlines the minimum and maximum monthly salaries of covered employees, the minimum and maximum monthly contributions for each salary bracket, as well as the required contributions for each salary bracket.
The SSS Contribution Table has two parts: one for employees and one for employers. The employee table shows the minimum and maximum monthly salaries, the required contributions for each salary bracket, and the total contributions. The employer table shows the employer’s share of the contributions.
The Social Security System (SSS) adjusts its contribution rates annually to sustain the program’s financial stability and ensure adequate benefits for its members. Below are the rates for the years 2019, 2020, 2021, 2022, 2023, 2024, and the upcoming changes in 2025.
