Sss Contribution Table 2020 For Employees And Employer

This means the employee will be deducted the amount of P67500 from his or her monthly salary while the employer must remit to SSS the full contribution of P198000 computed as.

Sss contribution table 2020 for employees and employer. Based on SSS Circulars No. If you want to download the SSS Contributions Table 2020 then you may double click this image and save on your phone for your handy reference Here is the New SSS Contributions Table for Employed Self Employed Voluntary and Non-Working Spouse SSS Members For OFW Members. Employers contribution ER is an outright expense classified under employee benefits account.

SSS Contribution Table for Self-Employed Voluntary and OFW Members. Let say your monthly basic salary is Php 15 then by looking at the table here. If you are looking for the 2021 SSS table for employees please see this article New SSS Contribution Table for Employer and Employee Effective January 2021.

For Employer Employee Self-employed. On December 22 2020 the Social Security System SSS has issued Circular No. 750 - 5 250 750 - 5 6 250 - 6 750 - 250 - 7 7 750 - 8.

SSS contribution to be remitted by the employer is a payable account current liability. 48 rows The Minumum MSC is set to 3000. So in the case of an Employee earning P15000 salary per month the Employer Share is P130500 while the Employee Share is P67500 based on the SSS Contribution Table for Employees and Employers.

750 - 250 - 750 - 10 250 - 10 750 - 11 250 - 240. 11199 or the Social Security Act of 2018 and detailed under SSS Circular Numbers 2020-033-b 2020-034-b 2020-035-b and 2020-036-b as of 22 December 2020. There are basically two types of SSS members employees and self-employed voluntary member or overseas Filipino worker.

Ignacio the contribution rate for 2021 will be 13 one percent higher than for the previous year. Review SSS Philhealth and Pag-Ibig contributions with examples. The SSS contribution table for 2021 is located below specifically created for those who are self-employed voluntary or are Overseas Filipino Workers.