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These are the notable changes on 2024 SSS Contributions: Maximum Monthly Salary Credit (MSC), has been lifted up to ₱29,750. This is the maximum cap of your salary, if it's more than this, your contribution will just be based on this maximum range. The Minumum MSC is set to ₱4,250.
8 kwi 2023 · Who Can Pay SSS Contribution? All employees, self-employed individuals, non-working spouse, and OFWs up to age 60 with an existing SSS number can pay their SSS contribution to begin or continue their coverage. Covered members are entitled to social security benefits upon illness, unemployment, childbirth/miscarriage, disability, retirement, or ...
Through the e-CS, employers may generate, review, and edit their electronic Contribution Collection List (e-CL) to report the contribution payments of their employees to SSS. Employers may also generate their e-CL and PRN through the SSS Mobile App, provided, that they have registered in the My.SSS Employer portal of the SSS website.
29 wrz 2023 · The SSS contribution table below is for self-employed SSS members including entrepreneurs and freelancers. The minimum monthly salary credit (MSC) for self-employed members is ₱4,000 while the maximum MSC is ₱30,000.
3 lut 2021 · Starting January 2021, all employed SSS members with monthly salary credit of at least P24,750 will need to contribute P650.00 to the mandatory SSS Provident Fund. This amount is to be shared by the employee and employer, with the employee paying P225.00 and the employer paying P425.00 every month.
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.
Salary Bracket: Contributions are based on a member's monthly salary bracket. As the salary increases, the corresponding contribution also rises. Employee-Employer Share: The SSS Tax Table specifies the percentage of the contribution shared between the employee and the employer. Both parties contribute to ensure the sustainability of the SSS fund.
