Every year, the contribution table for the Social Security System (SSS) updates and this is depending on how the economy is. Moreover, it’s essential to know the values of contributions if you are an employer because it can be a lawful act if you make mistakes in terms of paying for ...
1. For Employers (ER) and Employees (EE) contributing at an MSC of PHP 20,000 and below, additional monthly SSS contributions range from PHP 40 to PHP 200 which will be paid by the employer only.2. For ER and EE contributing at the maximum MSC of PHP 30,000, additional amount of ...
000 per month, he/she will have a share in the total contribution. The employer still gets to pay more and the distribution of premiums is shown in the contribution table below.
The Social Security System (SSS) is the executive body of the Philippine government who gives benefits for private employees of the country. If employed, then the employer, together with its employees would work hand-in-hand to pay the contributions. Self-employed individuals, on the other hand...