How to calculate the social security late fee

Social security late payment refers to not paying social security in time within a certain period of time, so you need to pay a certain late payment fee.

The calculation method of social security late fees is:

1. The social security late payment fee shall be calculated on a daily basis, and from the date of default, an additional five ten thousandths of the late payment fee shall be charged every day until the overdue payment is completed;

2. The calculation formula is: late payment fee = monthly social insurance premium payable × days in arrears × five ten thousandths;

3. In addition, if the overdue payment is within the first month after the breach of contract, no late payment fee will be charged.