Can supplementary endowment insurance be deducted before tax?

Supplementary endowment insurance can be deducted before tax if it does not exceed the prescribed proportion.

In the payment of endowment insurance, pre-tax deduction is generally allowed, after all, it is the legal social security expenses of workers; The company may miss the payment because of busyness or personal reasons. As long as it does not exceed 5% of the total amount, it will be deducted before tax when calculating personal income tax.

According to the provisions of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Issues Concerning Enterprise Income Tax Policies on Supplementary Endowment Insurance and Supplementary Medical Insurance (Caishui [2009] No.27), since June 5438+ 10/day, 2008, the supplementary endowment insurance and supplementary medical insurance paid by enterprises for all their employees in-service or in-service according to relevant national policies and regulations shall not exceed 5% of the total wages of employees respectively. The excess shall not be deducted.

Supplementary endowment insurance payment base

Employers and individuals take the average monthly salary of individuals in the previous year as the base.

If the average monthly salary of an individual last year is lower than 60% of the average monthly salary of employees in this Municipality last year, 60% of the average monthly salary of employees in this Municipality will be the payment base; More than 300% of the average monthly salary of employees in the city in the previous year, and 300% of the average monthly salary of employees in the city in the previous year is the payment base.

If the average monthly salary of an individual in the previous year exceeds the average monthly salary of employees in the previous year of this Municipality, 50% of the excess shall be paid into the individual supplementary endowment insurance account.

According to the regulations, if the average monthly salary of an individual in the previous year did not exceed 3 times of the average monthly salary of employees in the city in the previous year, the basic old-age insurance premium will be paid according to the actual average monthly salary of the individual, and all the individual contributions will be included in the personal account.

Refer to the above information: Notice of State Taxation Administration of The People's Republic of China-State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Issues Related to Enterprise Income Tax Policies for Supplementary Endowment Insurance and Supplementary Medical Insurance.