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Aug 16, 2024 · How do I calculate Skills Development Levy (SDL)? 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.
You can use the SDL calculator to calculate the SDL payments for all your employees and pay the total SDL payable when making your CPF contributions. However, if you’re using the auto-computation feature under CPF EZPay, SDL is auto-computed for all Singapore Citizen and Singapore Permanent Resident employees.
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.
SDL Calculator: Compute SDL amount payable with an online calculator. No login required. View Payment History and Notifications: View SDL payment history, or retrieve and download SDL notification letters. Login to GoBusiness Dashboard required. Submit SDL Payment & Declaration via GoBusiness Dashboard
How do I calculate SDL for employees who work in Singapore but whose remunerations are paid in foreign currencies? If remuneration is paid in a foreign currency, the employer should calculate the amount of SDL payable, based on the equivalent value in Singapore dollars.
SDL Calculator. Log into GoBusiness Dashboard to access the following e-Services: SDL Payment & Declaration. Refund of SDL Overpaid. Notice of Objection (NOO) for SDL. You can also view your SDL payment history, and retrieve and download SDL notification letters from within GoBusiness Dashboard. View the full list of SDL e-Services and resources.
Use this calculator to compute the monthly CPF contributions payable for private sector and non-pensionable government employees. Important notes. This calculator has been updated to include rates applicable from January 2024. If you are an employer using CPF EZPay to submit and pay CPF contributions, you do not have to use this tool.
Aug 12, 2024 · To calculate the SDL payable, you can follow these steps and use this formula: SDL payable = monthly wage X 0.25% 1. Find out each employee's monthly wage from the company's payroll records. The monthly wage includes all salary, commission, leave pay, overtime pay, bonus and allowance for the calendar month.
• The SDL Calculator is an online calculator to assist employers with SDL computation and can be found here. The data shown on the SDL NOA and on the SDL Microsite was extracted as at 27 March 2023.
Free online calculator to calculate your CPF, SDL, and ECF/SINDA/CDAC/MBMF Donation Fund contributions. Simply key in your salary and hiring details.
