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Fusion Kuwait Payroll: Kuwait Social Security Calculation Check (Doc ID 2452659.1)

Last updated on FEBRUARY 23, 2020

Applies to:

Oracle Fusion Global Payroll - Version 11.12.1.0.0 and later
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. 

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 Pension Fund = 3000*2.5% = 75

 

Solution

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In this Document
Goal
Solution


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