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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.
Changing your MSC. Paying SSS Contributions. Understanding the SSS Contribution Table. Read and download the latest SSS Contribution Table. Monthly contributions are based on the compensation of SSS members and payable under the two (2) programs.
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.
29 wrz 2023 · SSS Contribution Table for Self-Employed Members. 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.
The SSS contribution table consists of two columns: one for employer contributions and one for employee contributions. Both columns include different rates depending on salary level. For example, individuals earning up to Php 16,000 per month will pay 11% of their salary in monthly contributions, while people earning between Php 16,001 ...
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 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.
