Yinchuan social security contribution base 2023

Yinchuan social security contribution base in 2023 was raised to 5,300 yuan, and the provident fund contribution base was capped at 9,000 yuan. At the same time, Yinchuan has also introduced a series of measures to encourage enterprises to pay social security, such as giving tax concessions to enterprises.

In 2023, both the social security contribution base and the provident fund contribution base in Yinchuan have been raised. Specifically, the social insurance contribution base was raised to 5,300 yuan, up from 4,956 yuan in 2022. As for the provident fund, the monthly contribution of individual employees shall not exceed 20% of their monthly salary, and enterprises shall contribute 12% of the total salary of the employees, with a ceiling of 9,000 yuan for the contribution base. It is worth mentioning that, in order to promote the payment of social security by enterprises, Yinchuan City has introduced a number of preferential policies, such as granting tax concessions to qualified enterprises in the form of reductions and exemptions of social security fees, enterprise income tax and individual income tax. In addition, enterprises are encouraged to voluntarily increase their social security contributions and are subsidized accordingly to provide better social security for enterprises and employees. It should be noted that the higher the social security contribution base, the better, because in the event of accidents or illnesses, the level of social security base will affect the employee's medical care, pension level and other aspects. Employees should choose the social security contribution base reasonably according to their actual situation and needs.

What are the social security rates in Yinchuan? How to calculate the actual amount of payment? At present, the social security fee rates in Yinchuan City include five items: pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Among them, pension insurance is 12% paid by enterprises and employees, medical insurance is 10% paid by enterprises and employees, unemployment insurance is 1% paid by enterprises and employees, work injury insurance is fully paid by enterprises, and maternity insurance is fully paid by enterprises. When calculating the actual amount of contributions, take pension insurance as an example, assuming that the monthly salary of an employee is 8,000 yuan, if calculated according to the social security contribution base of 5,300 yuan, the employee's personal contribution to the pension insurance will be 8,000 x 12% = 960 yuan, and the enterprise's contribution will be 5,300 x 12% = 636 yuan, totaling 1,596 yuan.

Yinchuan City in 2023, the social security contribution base and provident fund contribution base have been adjusted upward, the various social security rates also have some changes. Both enterprises and employees should choose the contribution base reasonably according to the actual situation, abide by the relevant regulations and protect the social insurance rights and interests of employees. At the same time, Yinchuan City encourages enterprises to pay social security and provide preferential policies to promote the healthy development of the social security system.

Legal basis:

Article 16 of the Law of the People's Republic of China on Social Insurance Units shall, in accordance with the provisions of this Law and other relevant regulations, pay social insurance premiums for the employees who participate in the social insurance provided for in this Law. Employees shall pay social insurance premiums for participation in social insurance in accordance with the provisions of this Law.