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Jun 15, 2024 · You have to contribute Skills Development Levy (SDL) for all your employees*. The levy payable for each employee is at 0.25% of their monthly total wages.
Web site created using create-react-app. Skills Development Levy Calculator. As required by law under the Skills Development Levy (SDL) Act, employers are required to pay a monthly SDL for all employees rendering services in Singapore, including foreign employees and employees employed on casual, part-time, or temporary basis.
The SDL collected is channelled to the Skills Development Fund, which is used to support workforce upgrading programmes and to provide training grants to you when you send your employees for training under the National Continuing Education Training system.
e-Service Description; SDL Calculator: Compute SDL amount payable with an online calculator. No login required. View Payment History and Notifications
SDL is payable on the first $4,500 of monthly remuneration at the rate of 0.25%, subject to a minimum of $2. The table below gives an example of how to calculate SDL payable:
How do I calculate and pay the SDL? The SDL payable is at 0.25% of the monthly remuneration for each employee, with the minimum payable of $2 (for an employee earning less than $800 a month) and a maximum of $11.25 (for an employee earning more than $4,500 a month).
Jun 27, 2024 · As of February 2022, the skills development levy (SDL) is a mandatory contribution required by all companies in Singapore. It's important to adhere to statutory obligations if you manage the payroll for a business or an organisation that hires employees in Singapore.
SkillsFuture Development Levy Frequently Asked Questions Generic SDL FAQ Last updated on 02 Oct 2023 Page 6 D. SDL Computation 1. How is SDL payable computed?
<p>You have to contribute Skills Development Levy (SDL) for all your employees*. The levy payable for each employee is at 0.25% of their monthly total wages. The minimum payable is $2 for an employee earning less than $800 a month and the maximum is $11.25 for an employee earning more than $4,500 a month.</p> <p>After you have computed the SDL for each employee, add up the SDL calculated and ...
Page 4 Under the SDL Act and Regulations, every employer liable to pay SDL shall prepare and keep the following: Employee’s full name, gender, age, address, identity card number,
