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Showing posts from December, 2020

Sweldong Pinoy Android App for 2021

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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 For the remaining days of the year, the apps will be using the 2021 rates by default. If you wa

Sweldong Pinoy for 2021

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Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Next year, most contributions will be changing; we're updating Sweldong Pinoy with the new rates to help you. What's Changing? For 2021, contributions for SSS and PhilHealth will be increasing. The rates for Pag-IBIG Fund was also planned to increase from 100 to 150 by January 2021 but they decided to postpone the change to January 2022. Pursuant to Republic Act No. 11199 (The Social Security Act of 2018), the monthly contributions of SSS members will be increased from the current 12% to 13% in 2021. Employer share will be 8.5% (from 8.0%) and employee share will be 4.5 % (from 4.0%). The minimum and maximum salary credits used for computation will now be 3,000 and 25,000 (from 2,000 and 20,000). In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will ri