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Calculation method of social security late payment fee

According to the lawyer's inquiry, the social security late payment fee is calculated according to the total payment of various insurances multiplied by the overdue days multiplied by five ten thousandths.

The unpaid amount refers to the social insurance premium that the employer fails to pay in full and on time. The proportion of late payment fees is generally 0.05%, and the number of overdue days is calculated from the day after the default date.

According to Article 86 of Chapter 11 of People's Republic of China (PRC) Social Insurance Law, if the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 0.5% shall be charged on a daily basis; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.