iCalculator™ EG Egypt Social Security Calculators
Welcome to the Egypt Social Security Calculators section provided by iCalculator™ EG. This dedicated area offers a range of calculators designed to help both employers and employees understand their social security commitments in Egypt. By simply entering a salary amount, these calculators efficiently compute the specific contributions for various types of social security, including both employee and employer shares. Each calculator presents a clear, visual overview, allowing for an easy comparison of amounts and percentages contributed towards each social security type.
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Whether you are an employee seeking clarity on your social security deductions or an employer ensuring compliance with contribution requirements, our tools provide accurate calculations tailored to your needs. This section not only hosts individual calculators for each type of social security but also a comprehensive calculator that encompasses all social security commitments in Egypt.
Individual Social Security Calculators
Explore our range of individual calculators for each type of social security in Egypt:
or calculate all social security contributions in Egypt:
Comprehensive Social Security Calculator
For a holistic view of your total social security commitments, use our Comprehensive Social Security Calculator. It combines all types of social security contributions into one easy-to-understand calculation, providing a complete picture of your social security responsibilities.
About the Egypt Social Security Calculators
The Egypt Social Security Calculators on iCalculator™ EG are invaluable tools for anyone needing detailed and accurate information about social security contributions in Egypt. These calculators are designed to aid in financial planning and to ensure informed decision-making regarding social security commitments.
The calculators work by applying the rules defined within the latest Social Security Tax Tables for Egypt (the 2023 tax year) which are displayed in brief below:
2023 Social Security Rates for Egypt
Social security is a government-run program designed to provide financial support and benefits to individuals in various stages of life, typically including retirement, disability, and periods of unemployment or health-related issues. While the specific types of social security can vary significantly from country to country, the underlying ethos remains consistent: to offer a safety net for citizens, ensuring that they have access to essential financial support during times of need, read more about social security in Egypt here. This support might come in the form of retirement benefits, healthcare coverage, disability income, or other forms of state-provided assistance. Social security systems are typically funded through contributions from both employers and employees and are a fundamental aspect of modern welfare states, aiming to reduce poverty and provide economic stability for all citizens, especially the elderly and the vulnerable, you can read more about the different approaches to taxation and social security across the globe here..
Egypt Social Security in 2023: Rates for Employers and Employees| Social security category | Employee | Employer | Total |
|---|
| Social Security | 11% | 18.75% | 29.75% |
| Emergency Relief (ER) Fund | 0% | 1% | 1% |
2023 Social Security Thresholds for Egypt
Social security thresholds play a crucial role in determining the amount of social security contributions for employees and employers in Egypt. These thresholds are typically defined on an annual basis and include two key components: a minimum earning threshold and a maximum earning threshold. The minimum earning threshold is the income level above which individuals are required to start making social security contributions. This means if an individual's earnings are below this threshold, they may not be obligated to contribute to certain types of social security. On the other hand, the maximum earning threshold sets a cap on the amount of income that is subject to social security contributions. Earnings above this cap are not considered for further contributions. The use of these thresholds ensures that contributions are proportionate to an individual's income, providing a balanced approach to funding social security systems. Contributions are calculated based on the income falling within these thresholds, ensuring that both lower and higher-income earners contribute fairly to the social security system.
Egypt Social Security in 2023: Thresholds for Employers and Employees| Social security category | Employee | Employer |
|---|
| Min. Earnings | Max. Contribution | Min. Earnings | Max. Contribution |
|---|
| Social Security | £ 1,700.00 | £ 10,900.00 | £ 1,700.00 | £ 10,900.00 |
| Emergency Relief (ER) Fund | n/a | n/a | n/a | £ 2,210.00 |
Note: n/a indicates that there is no minimum/maximum earning threshold associated within the social security category defined within our calculators for Egypt, if you belive this is incorrect or requires alteration then please contact us and we will review and update the relevant tax tables and associated tax tools.