WebbThe employer deducts the amount of monthly premium corresponding to the employee’s share from the employee’s basic monthly salary (Please refer to the latest PhilHealth Premium Contribution Table here), and remit the employee’s premium contribution, together with the employers’ share to any of the Accredited Collecting Agents (ACA) … WebbIt is the obligation of employers to remit the premium contributions of their employees, including their counterpart shares correctly, on time, and accurately, as well as to report …
2024 SSS Contribution Table and Schedule of Payment
Webb26 apr. 2024 · The following shall be observed in computing the PhilHealth contributions (equally shared by both the employee and employer) for FY 2024. If the MBS do not exceed P10,000, the monthly PhilHealth contribution is fixed at P400.00 (P200 for the employee and P200 for the employer or the government). WebbView full document. See Page 1. Journal Entry SSS Premiums Expense 1,060.00 Philhealth Premiums Expense 187.50 Pag-ibig Premiums Expense 100.00 Employee’s Compensation Expense 30.00 SSS Premiums Payable 1,060.00 Philhealth Premiums Payable 187.50 Pag-ibig Premiums Payable 100.00 Employee’s Compensation Payable 30.00 To record … cypher 4 lyrics bts
Part II: Employer Contributions in the Philippines: PhilHealth
WebbAs indicated in said PhilHealth Circular, the monthly premium contributions shall be at the rate of 2.75% computed straight based on the monthly basic salary of individual employees, with a salary floor of P10,000 and a ceiling of P40,000, to be equally shared by the employees and their employer. Webb30 jan. 2024 · The employee share of the contribution is 9% of his or her actual monthly salary. PhilHealth The current PhilHealth premium rate is 4% of your monthly basic salary. Webb12 dec. 2024 · If that will be divided between the employee and the employer, the employee’s share will only be PHP225),” Baleña explained. The additional contribution would help sustain the current level of … bimzent software india private limited