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Kuwait Social Security Calculation Check (Doc ID 2452659.1)

Last updated on SEPTEMBER 27, 2018

Applies to:

Oracle Fusion Global Payroll Cloud Service - Version 11.13.18.05.0 and later
Information in this document applies to any platform.

Goal

The Social Security Calculation Card Getting Wrong Amounts,
Can you please let me know the calculation rules or tell me what is the issue?

Application Results:
Basic Salary = 3000
Employer Supplementary Social Insurance = 137.5
Employee Supplementary Social Insurance = 93.75
Employee Basic Social Insurance = 150

Expected Results:
Social Calculation Rules
Social Salary(Basic Salary): 3000
Social Security Employer Charge 3000*10% = 300
Social Security Employee Charge 3000*5% = 150
Social Security Employer Pension Fund 3000 *1%=30
Social Security Employee Pensiion Fun = 3000*2.5% = 75

 

Solution

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In this Document
Goal
Solution


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