WCIF= Basic Salary × WCIF Percentage

NPS= (Employee's NPS contribution Rate 0.045×Basic Salary)+(Employer's contribution Rate 0.045×Basic Salary)
If the Basic Salary is over the maximum insurable earnings we using the NSSA maximum insurable earnings contribution which is 2 414 896
Employee No Name Basic Salary NPS 4.5%= 0.0045 WCIF 1.63%= 0.0163
MP001 Matsike A 3000000 (0.045×2414896)+(0.045×2414896)=217340.64 3000000×0.0163= 48900
MP002 Zindaba W 2500000 (0.045×2414896)+(0.045×2414896)=217340.64 2500000×0.0163=40750
MP003 Tariro C 1800000 (0.045×1800000)+(0.045×1800000)=162000 1800000×0.0163=29340
MP004 Ncube C 6500000 (0.045×2414896)+(0.045×2414896)=217340.50 6500000×0.0163=105950
MP005 Ndhlovu A 6800000 (0.045×2414896)+(0.045×2414896)=217340.64 6800000×0.0163=110840
MP006 Kagura G 500000 (0.045×500000)+(0.045×500000)=45000 500000×0.0163=8150
MP007 Valeri R 1980000 (0.045×1980000)+(0.045×1980000)=178200 1980000×0.0163=32274
MP008 Ngwenya T 1200000 (0.045×1200000)+(0.045×1200000)=108000 1200000×0.0163=19560
MP009 Munetsi T 1795000 (0.045×1795000)+(0.045×1795000)=161550 1795000×0.0163=29258.50
MP010 Thabo M 3000000 (0.045×2414896)+(0.045×2414896)=217340.64 3000000×0.0163=48900
MP011 Pretty F 3200000 (0.045×2414896)+(0.045×2414896)=217340.64 3200000×0.0163=52160
MP012 Faith G 4500000 (0.045×2414896)+(0.045×2414896)=217340.64 4500000×0.0163=73350
MP013 Mbasera P 2600000 (0.045×2414896)+(0.045×2414896)=217340.64 2600000×0.0163=42380
MP014 Maduyu P 1100000 (0.045×1100000)+(0.045×1100000)=99000 1100000×0.0163=17930
MP015 Musungwa M 9500000 (0.045×2414896)+(0.045×2414896)=217340.64 9500000×0.0163=154850
TOTAL 2709815.76 808742.50

2) Total amount to be remitted to the National Pension Scheme and Workers Compensation Insurance Fund:

Total NPS: 2709815.76

Total WCIF: 808,742.5

Total amount to be remitted is the sum of the total NPS and total WCIF, which is $2 709 815.76 + $808 742.50 = $3 518 558.26