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As an employer, you need to pay the Skills Development Levy (SDL) for all your employees working in Singapore. Find out more. Scheduled Maintenance: CPF digital services will not be available on 3 Nov 2024, from 12am to 8am.
Aug 16, 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. 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.
CPF Contribution Rate Table from 1 January 2024 for Singapore Permanent Residents (SPR) during 1 st year of SPR status under Full Employer & Graduated Employee contribution rates (F/G)
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).
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). You can use the SDL calculator to compute the payable amount.
Oct 24, 2024 · As a starting point, the SDL is payable at a rate of 0.25% for up to the first $4,500 of an employee’s total monthly wage. The maximum amount of levy payable for an employee is hence $11.25. However, there is a minimum amount of $2 payable under the levy.
SDL is payable on the first $4,500 of monthly wages at the rate of 0.25%, subject to a minimum of $2. The table below gives an example of how to calculate SDL payable: Employee. Monthly Wage.
Oct 25, 2024 · The Skills Development Levy is a mandatory contribution you need to pay for both local and foreign employees, at the rate of 0.25% of their salary, up to a monthly salary $4,500.
Singapore CPF Contribution Calculator / SDL Calculator Calculate your CPF online with this free tool. Whether you’re an employee or employer, calculate your CPF contributions payable with the most updated CPF contribution rates (as of 2024).
Jun 13, 2018 · The current SDL contribution rate is 0.25%, capped at a monthly remuneration ceiling of $4,500. Do note that the minimum contribution per employee is $2.00, while the maximum contribution per employee is $11.25 .
