Where in a calendar year an employer effects payment of the statutory end of year bonus in more than one month, the social contribution rate applicable in each month shall be determined by cumulating the amount of end of year bonus paid in the respective month. The social contribution on end of year bonus shall be calculated on the basic wage/salary component only (excluding any allowance, commission, productivity payment etc). The social contributions payable on end of year bonus shall be computed separately from the contributions payable on the monthly basic wage/salary. Employers are required to use the new templates as from the pay period of September 2020.Īs from September 2021 under The Social Contribution and Social Benefits Act 2021, social contributions shall apply on end of year bonus prescribed under an enactment. With a view to facilitate employers, the MRA has put in place a system for e-Filing of a monthly PAYE/CSG/NSF return. This new system of social contributions replaces the National Pensions Fund (NPF) and the last month in respect of which contributions to the National Pensions Fund was applicable is August 2020. A self-employed is required to pay CSG at an amount of 150 rupees per month.
Every employer is required to submit, electronically, a monthly contribution return on a monthly basis giving the details of each employee, the CSG, NSF and Training Levy applicable and at the same time electronically pay the contributions payable to the MRA. CSG / Social Contributions return for Employer / Employeeįollowing changes brought by the Finance (Miscellaneous Provisions) Act 2020, the Contribution Sociale Généralisée (CSG), has been introduced and is applicable as from the month of September 2020.
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