NSSF Contribution Changes Effective from Feb-2025-Desktop

Important Note:

• This document is a guideline on how to update the New NSSF Contribution Rates from February 2025.
• Make Sure Previous Years & Months are closed before making these Changes
• After making these changes No Auto Calculation of previous Months should be done i.e., Prior Months.
• Make sure to consult your Tax advisor for Effective Date of these Changes before Effecting it in Payroll

Steps;

1. Login into Paymaster with Administrative Rights
2. Click >> Statutory >> NSSF Contributions
3. On the Screen which Opens, Click on EDIT and Select Year 2025 by Double Clicking on it
4. This will Load the Data on screen as mentioned below
5. Kindly make required changes as highlighted in following screenshot (Set Lower Earning Limit to 8,000 and upper Earnings Limit to 72,000)
6. Click Save.
7. Now you can Start Processing of Feb-2025 Payroll and verify the NSSF Contributions

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