How to calculate the social security deduction of wages

The calculation formula of wage social security deduction: the payment wage multiplied by the payment rate.

These five risks are usually:

1. Endowment insurance: company 13%, individual 8%;

2. Work-related injury: the company will bear 1%, but the individual will not bear it;

3. Unemployment: the company will bear 1%, and the individual will not bear it;

4. Medical insurance and maternity insurance: 2% for companies and 0.5% for individuals. Above total: 17% shall be borne by the employer and 8.5% by the individual.

Information required by the company to pay social security:

1. Original and photocopy of the company's business license;

2. Original and photocopy of national tax and local tax certificates;

3. The original social security application;

4. Pay the original and photocopy of the labor contract of social security personnel;

5. Pay a copy of the social security personnel's ID card and a copy of the payroll for the previous two months;

6. Official seal of the company and 50 yuan fee.

To sum up, employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance at the employer and other flexible employees should apply to the social insurance agency for social insurance registration.

Legal basis:

Article 60 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.