Is the INSS discount mandatory? See HOW MUCH of your salary is dedicated to the monthly contribution

Every month, workers must contribute through an INSS deduction directly from their salary. With this, they guarantee social security benefits.

If you’re left scratching your head every time you look at your paycheck and see the INSS discount, don’t worry! You are not alone.

Understanding how your money is invested to ensure future benefits is crucial. And with the 2024 updates, it’s even more important to stay in the loop. Check out how to find out below!

Do you know how much the INSS deduction is from your salary? See how to calculate the amount! / Credit: @jeanedeoliveirafotografia / pronatec.pro.br

Understand the INSS discount

In principle, the INSS deduction is that part of your salary that goes directly to the National Social Security Institute. This guarantees important benefits, such as:

Retirement by age; Retirement by contribution time; Retirement due to disability; Sickness benefit; Accident benefit; Incarceration benefit; Death pension; Maternity pay; Family pay.

This contribution is mandatory for formal workers and ensures protection in times of vulnerability, such as illness, accidents or old age.

In this way, it works like a large collective fund, where contributions from current workers finance the benefits of those who have already retired or need support. In other words, it’s like saving for the future, only mandatory.

The new contribution ranges

In 2024, the contribution ranges changed a little. Now, they range from 7.5% to 14%, depending on how much you earn. Here’s a quick summary:

Up to R$1,412.00: 7.5%From R$1,412.01 to R$2,666.68: 9%From R$2,666.69 to R$4,000.03: 12%From R$4,000.04 to R$7,786.02: 14%

See more: Elderly people with NIS 1, 2, 3, 4, 5, 6, 7, 8, 9, and 0 are SURPRISED by the change in their 13th INSS salary

How to calculate the INSS discount?

Furthermore, calculating the INSS discount is now a little more complex, but we make it simple! You will apply the percentage corresponding to your salary range, but be careful: the calculation is progressive.

This means that you apply each percentage only to the part of the salary that falls into each range. For example, if you earn R$3,000.00:

On the first R$1,412.00, apply 7.5%. For the amount between R$1,412.01 and R$2,666.68, use 9%. And on the part that goes from R$2,666.69 to R$3,000.00, apply 12% .

Add it all up and voilà: you have the discount value!

IR discount table

In addition to the INSS, it is also important to talk about the Income Tax (IR) discount on the salary, which is a mandatory contribution that varies depending on the worker’s income range.

This payment is made directly at source by the employer and is intended to finance essential public services, such as health, education and infrastructure. Normally, the values ​​look like this:

Calculation basis in R$ Rate in percentage Portion to be deducted from IR
Up to 2,112.00 0 0
From 2,112.01 to 2,826.65 7,5 158,40
From 2,826.66 to 3,751.05 15 370,40
From 3,751.06 to 4,664.68 22,5 651,73
Above 4,664.68 27,5 884,96

IR discount table

Why does this matter?

In short, understanding the INSS discount is more than a matter of curiosity. It’s about knowing where your money is going and how it impacts your future.

Furthermore, being aware of these changes helps you to better plan your budget and ensure that your rights are being respected.

So, now that you know how to calculate the INSS discount in 2024, how about taking a look at your paycheck from a different perspective?

Remember: every penny paid today is an investment in your well-being tomorrow. If you have any doubts, don’t hesitate to seek professional help to make sure everything is in order!

See more: TODAY (14/02) the INSS decision was released and the table that affects Brazilians with salaries between R$1,400 and R$7,000 was released

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