NSSF Contribution Changes Effective from Feb-2025 – Web

NSSF Contribution Changes Effective from Feb-2025 – Web

Important Note:

• This document is a guideline on how to update the New NSSF Contribution Rates Effective 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 Setup >> Statutory >> NSSF Contribution
3. It will Display Current Year NSSF Contribution Record
4. Click on Year 2025-2025
5. On the screen which is displayed Set Lower Earning Limit to 8,000 and Upper Earning Limit to 72,000 for Both Employee and Employer as indicated in following screen shot
6. Click on Save
7. Now you can Start Processing of Feb-2025 Payroll and verify the NSSF Contributions

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