If you are in payroll department, year-end is probably one of our busiest with the annualization of payroll and preparing year-end BIR compliances such as BIR Form 1604C and Alphalist of Employees.
However, another task that will keep us busy this upcoming new year 2023 will be the payroll deductions related changes such as with change in Income Tax Rate, Withholding Tax Compensation Rate, Philhealth Contribution Rate, and SSS Contribution Rate.
With regards to SSS Contribution, the Social Security System (SSS) has published a new circular dated December 13, 2022, SSS Circular No. 2022-033 announcing the increase of social security (SS) contribution rate to 14% starting the month of January 2023 per SSC Resolution No 751-s 2022 dated November 25, 2022.
In this article, we listed down the new schedule of Social Security (SS) contribution table that is applicable for All Business Employers (ERs) and Employees (EE) effective January, 2023.
SSS Contribution Table for 2023
The following is the new SSS contribution table effective January 2023 which applies to employers and employees.
| Range of Compensation | Monthly Salary Credit | Regular | EC | WISP | |||||
|---|---|---|---|---|---|---|---|---|---|
| From | To | Regular / EC | WISP | ER | EE | ECC | ER | EE | |
| 1 | 0.00 | 4,249.99 | 4,000.00 | 0.00 | 380.00 | 180.00 | 10.00 | 0.00 | 0.00 |
| 2 | 4,250.00 | 4,749.99 | 4,500.00 | 0.00 | 427.50 | 202.50 | 10.00 | 0.00 | 0.00 |
| 3 | 4,750.00 | 5,249.99 | 5,000.00 | 0.00 | 475.00 | 225.00 | 10.00 | 0.00 | 0.00 |
| 4 | 5,250.00 | 5,749.99 | 5,500.00 | 0.00 | 522.50 | 247.50 | 10.00 | 0.00 | 0.00 |
| 5 | 5,750.00 | 6,249.99 | 6,000.00 | 0.00 | 570.00 | 270.00 | 10.00 | 0.00 | 0.00 |
| 6 | 6,250.00 | 6,749.99 | 6,500.00 | 0.00 | 617.50 | 292.50 | 10.00 | 0.00 | 0.00 |
| 7 | 6,750.00 | 7,249.99 | 7,000.00 | 0.00 | 665.00 | 315.00 | 10.00 | 0.00 | 0.00 |
| 8 | 7,250.00 | 7,749.99 | 7,500.00 | 0.00 | 712.50 | 337.50 | 10.00 | 0.00 | 0.00 |
| 9 | 7,750.00 | 8,249.99 | 8,000.00 | 0.00 | 760.00 | 360.00 | 10.00 | 0.00 | 0.00 |
| 10 | 8,250.00 | 8,749.99 | 8,500.00 | 0.00 | 807.50 | 382.50 | 10.00 | 0.00 | 0.00 |
| 11 | 8,750.00 | 9,249.99 | 9,000.00 | 0.00 | 855.00 | 405.00 | 10.00 | 0.00 | 0.00 |
| 12 | 9,250.00 | 9,749.99 | 9,500.00 | 0.00 | 902.50 | 427.50 | 10.00 | 0.00 | 0.00 |
| 13 | 9,750.00 | 10,249.99 | 10,000.00 | 0.00 | 950.00 | 450.00 | 10.00 | 0.00 | 0.00 |
| 14 | 10,250.00 | 10,749.99 | 10,500.00 | 0.00 | 997.50 | 472.50 | 10.00 | 0.00 | 0.00 |
| 15 | 10,750.00 | 11,249.99 | 11,000.00 | 0.00 | 1,045.00 | 495.00 | 10.00 | 0.00 | 0.00 |
| 16 | 11,250.00 | 11,749.99 | 11,500.00 | 0.00 | 1,092.50 | 517.50 | 10.00 | 0.00 | 0.00 |
| 17 | 11,750.00 | 12,249.99 | 12,000.00 | 0.00 | 1,140.00 | 540.00 | 10.00 | 0.00 | 0.00 |
| 18 | 12,250.00 | 12,749.99 | 12,500.00 | 0.00 | 1,187.50 | 562.50 | 10.00 | 0.00 | 0.00 |
| 19 | 12,750.00 | 13,249.99 | 13,000.00 | 0.00 | 1,235.00 | 585.00 | 10.00 | 0.00 | 0.00 |
| 20 | 13,250.00 | 13,749.99 | 13,500.00 | 0.00 | 1,282.50 | 607.50 | 10.00 | 0.00 | 0.00 |
| 21 | 13,750.00 | 14,249.99 | 14,000.00 | 0.00 | 1,330.00 | 630.00 | 10.00 | 0.00 | 0.00 |
| 22 | 14,250.00 | 14,749.99 | 14,500.00 | 0.00 | 1,377.50 | 652.50 | 10.00 | 0.00 | 0.00 |
| 23 | 14,750.00 | 15,249.99 | 15,000.00 | 0.00 | 1,425.00 | 675.00 | 30.00 | 0.00 | 0.00 |
| 24 | 15,250.00 | 15,749.99 | 15,500.00 | 0.00 | 1,472.50 | 697.50 | 30.00 | 0.00 | 0.00 |
| 25 | 15,750.00 | 16,249.99 | 16,000.00 | 0.00 | 1,520.00 | 720.00 | 30.00 | 0.00 | 0.00 |
| 26 | 16,250.00 | 16,749.99 | 16,500.00 | 0.00 | 1,567.50 | 742.50 | 30.00 | 0.00 | 0.00 |
| 27 | 16,750.00 | 17,249.99 | 17,000.00 | 0.00 | 1,615.00 | 765.00 | 30.00 | 0.00 | 0.00 |
| 28 | 17,250.00 | 17,749.99 | 17,500.00 | 0.00 | 1,662.50 | 787.50 | 30.00 | 0.00 | 0.00 |
| 29 | 17,750.00 | 18,249.99 | 18,000.00 | 0.00 | 1,710.00 | 810.00 | 30.00 | 0.00 | 0.00 |
| 30 | 18,250.00 | 18,749.99 | 18,500.00 | 0.00 | 1,757.50 | 832.50 | 30.00 | 0.00 | 0.00 |
| 31 | 18,750.00 | 19,249.99 | 19,000.00 | 0.00 | 1,805.00 | 855.00 | 30.00 | 0.00 | 0.00 |
| 32 | 19,250.00 | 19,749.99 | 19,500.00 | 0.00 | 1,852.50 | 877.50 | 30.00 | 0.00 | 0.00 |
| 33 | 19,750.00 | 20,249.99 | 20,000.00 | 0.00 | 1,900.00 | 900.00 | 30.00 | 0.00 | 0.00 |
| 34 | 20,250.00 | 20,749.99 | 20,000.00 | 500.00 | 1,900.00 | 900.00 | 30.00 | 47.50 | 22.50 |
| 35 | 20,750.00 | 21,249.99 | 20,000.00 | 1,000.00 | 1,900.00 | 900.00 | 30.00 | 95.00 | 45.00 |
| 36 | 21,250.00 | 21,749.99 | 20,000.00 | 1,500.00 | 1,900.00 | 900.00 | 30.00 | 142.50 | 67.50 |
| 37 | 21,750.00 | 22,249.99 | 20,000.00 | 2,000.00 | 1,900.00 | 900.00 | 30.00 | 190.00 | 90.00 |
| 38 | 22,250.00 | 22,749.99 | 20,000.00 | 2,500.00 | 1,900.00 | 900.00 | 30.00 | 237.50 | 112.50 |
| 39 | 22,750.00 | 23,249.99 | 20,000.00 | 3,000.00 | 1,900.00 | 900.00 | 30.00 | 285.00 | 135.00 |
| 40 | 23,250.00 | 23,749.99 | 20,000.00 | 3,500.00 | 1,900.00 | 900.00 | 30.00 | 332.50 | 157.50 |
| 41 | 23,750.00 | 24,249.99 | 20,000.00 | 4,000.00 | 1,900.00 | 900.00 | 30.00 | 380.00 | 180.00 |
| 42 | 24,250.00 | 24,749.99 | 20,000.00 | 4,500.00 | 1,900.00 | 900.00 | 30.00 | 427.50 | 202.50 |
| 43 | 24,750.00 | 25,249.99 | 20,000.00 | 5,000.00 | 1,900.00 | 900.00 | 30.00 | 475.00 | 225.00 |
| 44 | 25,250.00 | 25,749.99 | 20,000.00 | 5,500.00 | 1,900.00 | 900.00 | 30.00 | 522.50 | 247.50 |
| 45 | 25,750.00 | 26,249.99 | 20,000.00 | 6,000.00 | 1,900.00 | 900.00 | 30.00 | 570.00 | 270.00 |
| 46 | 26,250.00 | 26,749.99 | 20,000.00 | 6,500.00 | 1,900.00 | 900.00 | 30.00 | 617.50 | 292.50 |
| 47 | 26,750.00 | 27,249.99 | 20,000.00 | 7,000.00 | 1,900.00 | 900.00 | 30.00 | 665.00 | 315.00 |
| 48 | 27,250.00 | 27,749.99 | 20,000.00 | 7,500.00 | 1,900.00 | 900.00 | 30.00 | 712.50 | 337.50 |
| 49 | 27,750.00 | 28,249.99 | 20,000.00 | 8,000.00 | 1,900.00 | 900.00 | 30.00 | 760.00 | 360.00 |
| 50 | 28,250.00 | 28,749.99 | 20,000.00 | 8,500.00 | 1,900.00 | 900.00 | 30.00 | 807.50 | 382.50 |
| 51 | 28,750.00 | 29,249.99 | 20,000.00 | 9,000.00 | 1,900.00 | 900.00 | 30.00 | 855.00 | 405.00 |
| 52 | 29,250.00 | 29,749.99 | 20,000.00 | 9,500.00 | 1,900.00 | 900.00 | 30.00 | 902.50 | 427.50 |
| 53 | 29,750.00 | Over | 20,000.00 | 10,000.00 | 1,900.00 | 900.00 | 30.00 | 950.00 | 450.00 |
2023 SSS Table in Excel File
To make things easier for you, we prepared the 2023 SSS table in excel file which you can download in the following link
Other Rate Changes in 2023
There are other changes this 2023 that will affect your payroll computation. In addition to SSS, Philhealth (PHIC) and BIR tax rate is also updated. To view the changes you may refer to the following links.
Automate your SSS Computation this 2023
If you are preparing payroll for multiple employees, you might want to shift to a fully automated payroll system to help you save time and reduce errors. You may use MPM Payroll for free for 30 days.
anyone can assists me about WISP amount indicated, if it is included and what is the meaning of WISP?
WISP is short for Workers’ Investment & Savings Program (WISP). Hope this helps!
hello,
My question is;
* about the ECC, if this will be deducted to employer or to the employee?
hoping for your fast response on this matter.
thank you…
Hi, ECC is paid by the employer. Hope this helps!