Contributions for SSS and PhilHealth will be increasing next year. PhilHealth contribution rates will now be 3.5% (from 3.0%) and the income ceiling will now be 70,000 (from 60,000).
The monthly contributions of SSS members will be increased from the current 12% to 13%, employer share will be 8.5% (from 8.0%) and employee share will be 4.5% (from 4.0%), and the minimum and maximum salary credits used for computation will now be 3,000 and 25,000 (from 2,000 and 20,000).
We have already updated Sweldong Pinoy and Budget Pinoy to use the 2021 rates. Now, we're also updating the Android apps. Sweldong Pinoy (version 4.3.1) and Budget Pinoy (version 1.1.1) are now using the 2021 rates. If you haven't downloaded the apps yet, download them now from the Google Play Store.
Sweldong Pinoy Android app (left) and Budget Pinoy Android app (right) now uses the rates for 2021
Sweldong Pinoy Android app (left) and Budget Pinoy Android app (right) now uses the rates for 2021
For the remaining days of the year, the apps will be using the 2021 rates by default. If you want to check and compare your salary based on 2020 and 2021 rates, you can go to sweldongpinoy.com and budgetpinoy.com. The dropdown for choosing between the current or upcoming rates will be available there.
Sweldong Pinoy for 2021
Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Help us improve our apps! Send us your comments and suggestions by email, Facebook Messenger, or with the Chatra app on our website. Also, follow us on Twitter, Instagram, and Facebook for more updates.
Originally published at the Sweldong Pinoy Blog
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