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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.
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.
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.
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
SDL Computation. 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 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.
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.
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. How do I calculate the total SDL for all my employees? Here is an example of how to calculate the total SDL payable:
Mar 12, 2024 · How to calculate SDL? SDL levy = 0.25% * Total monthly wage of each employee. The minimum levy is $2SGD and the maximum is $11.25SGD per employee. Note: SDL is on the first $4,500 only. For those earning less than $800, a minimum of $2 is payable.
Jun 13, 2024 · You have to pay Skills Development Levy (SDL) for all your employees working in Singapore, including: employees employed on permanent, part-time, casual and temporary basis. foreign employees on work permits and employment pass holders. SDL is payable to the SkillsFuture Singapore Agency (SSG) for foreign employees.
