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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.
How do I calculate how much SDL to pay for my employees? 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: How do employers calculate SDL for months with bonus pay-outs or allowances?
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.
Aug 12, 2024 · The calculation of the total SDL payable for all three employees is as follows: Boon Hong's monthly wage is less than $800 per month. The minimum SDL payable for Boon Hong is $2.
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.
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). You can use the SDL calculator to compute the payable amount.
SDL is calculated to two decimal places for each individual employee and then summed. Consequently, the estimated total may vary slightly from calculations based on the total combined remuneration.
For questions about SDL scope, compliance, computation, and more. For help navigating or transacting SDL e-services on GoBusiness Dashboard. For help using CPF EZPay, check out the CPF EZPay User Guide. GoBusiness is jointly developed as a Whole-of-Government initiative for businesses in Singapore to access Government e-services and resources.
The SDL calculation formula is as follows: The contribution percentage is 0.25% of the staff member’s monthly wage. The minimum SDL is $2. The maximum SDL is $11.25. For example: * Employees include full-time, casual, part-time, temporary and foreign employees rendering services wholly or partly in Singapore.
Aug 15, 2024 · The SDL calculation formula is below: The SDL rate of contribution is 0.25% of employees’ monthly salary. The minimum SDL levy amount is S$2 , and the maximum amount is S$11.25 .
