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JM Tax 2024

iCalculator™ JM Jamaica Social Security Calculator for 2024

This calculator for Jamaica is part of our payroll calculators suite which support salary and income tax calculations in Jamaica. With this Social Security Calculator, you can calculate the associated contributions due for Social Security in Jamaica based on your annual income in the 2024 tax year, this includes, where appropriate, employee and employer contribitions.

Jamaica Income Tax Calculator for 2024 Tax Year
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Social Security in Jamaica

Social Security is subject to annual review in Jamaica and rates and thresholds can change from year to year. The table below defines the associated tax years and tax rates that are integrated into the Jamaica Income Tax calculators on iCalculator™ JM. Note that the rates for Employers and Employee Contributions shown are the sum off all associated social security rates, this is not the same as the actual rate of social security paid as each element may be subject to minimum earnings thresholds and/or maximum earnings thresholds. These elements are factored in within this Social Security Calculator and the exact rates and thresholds can be viewed in the latest Tax Tables for Jamaica:

Jamaica Current and Historic Social Security Rates for Social Security
Tax YearEmployee RateEmployer RateCombined Rate
20247.25%12.5%19.75%
20237.25%12.5%19.75%
20227.25%12.5%19.75%
20217.25%12.5%19.75%
20207.25%12.5%19.75%
20197.25%12.5%19.75%
20187.25%12.5%19.75%
20177.25%12.5%19.75%
20167.25%12.5%19.75%
20157.25%12.5%19.75%
20147.25%12.5%19.75%
20137.25%12.5%19.75%
20127.25%12.5%19.75%
20117.25%12.5%19.75%
20107.25%12.5%19.75%
20097.25%12.5%19.75%
20087.25%12.5%19.75%
20077.25%12.5%19.75%
20067.25%12.5%19.75%
20057.25%12.5%19.75%
20047.25%12.5%19.75%
20037.25%12.5%19.75%
20027.25%12.5%19.75%

If you believe any of these rates are incorrect or you would like additional tax years adding to the Jamaica tax suite then please contact us. All updates and amendments are complementary, we appreciate the support from our community with providing up to date free tax tools for Jamaica. Note that you can view all tax years for Jamaica supported by iCalculator™ JM here, this includes all payroll associated taxes and deductions that are applied in Jamaica.