Individuals pay social security late fees late fees how to calculate

The employer fails to pay the social insurance premiums in full and on time, the social insurance premium collection agency shall order the payment or make up the full amount, and from the date of arrears in payment, a late fee of five ten thousandths of a cent shall be added on a daily basis; if the payment is not made after the expiration of the period, the relevant administrative department shall impose a fine of more than double the amount of the arrears of payment and not less than triple the amount of the fine.