What does the insurance base paid by the company mean?

Legal analysis: the insurance base refers to the social insurance payment base of employees in a social security year. According to 1 to 12, the monthly average amount of wages and salaries tax declared in the previous year is determined.

Wage and salary tax declared by individual income tax refers to wages, salaries, bonuses, year-end salary increase, labor dividends, allowances and subsidies and other income related to employment or employment, and housing provident fund, endowment insurance, unemployment insurance and medical insurance may not be deducted.

Legal basis: Article 90 of People's Republic of China (PRC) Social Insurance Law. If the social insurance premium collection agency arbitrarily changes the base and rate of social insurance premium payment, resulting in underpayment or overpayment of social insurance premium, the relevant administrative department shall order it to recover the social insurance premium that should be paid or refund the social insurance premium that should not be paid; The directly responsible person in charge and other directly responsible personnel shall be punished according to law.