How to Set up SSS Calculation?

SSS members make monthly contributions, which are subsequently used to provide benefits like retirement pensions and salary loans.

Here are the steps to accurately set up SSS statutory deductions based on company preferences:

1. Understand company preferences.

2. Gather necessary information.

3. Calculate employee and employer contributions.

4. Configure your payroll system.

5. Maintain accurate records.

Let’s outline the steps for accurately setting up SSS statutory deductions in AanyaHR:

1. Go to Payroll > click "Statutory" then select "Setup".

   

2. Click the “Create” button.

   

3. Click the “Statutory” dropdown list, then select SSS.

   

4. Fill out all the required fields, then click the “Save” button.

   
   

   For guidance on setting up SSS Contribution, you can refer to the meaning or functions associated with tagging.

   • Statutory - you may select here the specific statutory to set up.

     • HDMF

     • PHIC

     • SSS

     • TAX

   • Types - this dropdown refers to the Wage Type

     • Monthly

     • Semi-Monthly

     • Weekly

   • Name - Within AanyaHR, a designated area where you can input a specific name for the setup. A predefined default names have already been set up.

   • Description - a designated area where you can input a specific description for the setup.

     • Monthly

     • Semi-Monthly

     • TAX

   • Attendance - Within AanyaHR, you have the option to choose attendance-based calculations that can impact the overall calculations.

     • All

     • Absence

     • Leave without pay

     • Regular Days

     • Tardiness

     • Undertime

   • SSS Basis- this dropdown refers to the Wage Type. You have the option to choose from the following selections.

     • All

     • Basic of Current Pay out

     • Full Monthly Basic Salary

     • Holiday

     • Overtime

   • Leave Type - this pertains to all leave requests submitted within the company, which can impact the calculations.

     • Annual Leave

     • Maternity Leave

     • Magna Carta of Women

     • Medical Leave

     • Sick Leave

     • Solo Parent Leave

     • Vacation Leave

     • VAWC

     • Service Incentive Leave

   • Earnings - this pertains to all Earnings Pay codes within the company, which can impact the calculations.

     • Basic Salary Adjustment

     • OVERTIME ADJ

     • Maternity Benefit

     • Maternity Benefit Salary Deferential

     • Other earnings to be added

   • Status - This may either be

     • Active

     • Inactive

   • First Cut off - You have the option to choose from the following selections.

     • Calculated

       • Full

       • Half

       • Half Pro-rated

       • Maximum

     • Fixed - with Maximum Amount

     • Not Applicable

     • Inactive

   • Second Cut off - You have the option to choose from the following calculation type.

     • Adjustment from the 1st cut off

     • Calculated

     • Fixed

     • Not Applicable

       Go back to:

       How to Setup Payroll?