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PAY_PH_HI_002 - Define NHIP Contributions Salary Brackets
rdisp/max_wprun_time - Maximum work process run time Vendor Master (General Section)This documentation is copyright by SAP AG.
Effective July 1, 1999, the Medicare contributions (MC) previously administered by the Social Security System (SSS) have been replaced by NHIP contributions under the Philippine Health Insurance Corporation (PhilHealth).
In this step, you:
- Delimit the Medicare contribution brackets (contribution type MC) to June 30, 1999 only.
- Set up the PhilHealth contribution brackets (contribution type HI) starting July 1, 1999, based on the NHIP Monthly Contribution Schedule.
| CT | Brkt | Max sal | Sal cred | ER cont | EE cont | |||
|---|---|---|---|---|---|---|---|---|
| HI | 1 | 1,249.99 | 1,000.00 | 12.50 | 12.50 | |||
| HI | 2 | 1,749.99 | 1,500.00 | 18.75 | 18.75 | |||
| HI | 3 | 2,249.99 | 2,000.00 | 25.00 | 25.00 | |||
| HI | 4 | 2,749.99 | 2,500.00 | 31.25 | 31.25 | |||
| HI | 5 | 9999999.99 | 3,000.00 | 37.50 | 37.50 |
The standard system contains salary brackets and NHIP contributions provided by PhilHealth and valid at the time of creation. These figures have been set up as default values.
If PhilHealth changes the salary brackets, you must ensure compliance by modifying the default values accordingly.
- Check that all salary brackets of contribution type MC (Medicare) are delimited with an end date of June 30, 1999.
- Check that all salary brackets of contribution type HI (PhilHealth) have a start date of July 1, 1999.
- Ensure that the NHIP (HI) salary brackets set up in the system comply with the current figures issued by PhilHealth.
- If you need to make changes, delimit the validity dates of the existing record and create a new record.
TXBHW - Original Tax Base Amount in Local Currency Vendor Master (General Section)
This documentation is copyright by SAP AG.
Length: 3810 Date: 20240523 Time: 193423 sap01-206 ( 30 ms )
