How to calculate the social security fine?

Legal analysis: social security pays late fees, and from the date of default, an additional five ten thousandths of late fees will be charged every day. 1-The late payment fee for March is calculated from March, and the late payment fee for March is calculated from May.

Legal basis: Article 86 of the Social Insurance Law of People's Republic of China (PRC), if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; 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.

Extended data:

The calculation rules and methods of late fees are as follows:

Calculation rules of late payment fee: monthly social insurance premium payable × days in arrears × five ten thousandths of payment (rounded to two decimal places);

Calculation method of overdue fine days: overdue fine calculation end date-overdue fine calculation start date+1;

Late payment fee calculation start date: calculated from 1 day of the second month of the settlement date;

Late payment fee calculation deadline: take the day before the generation date of the generated customs declaration.

References:

Social Security Late Fee-Baidu Encyclopedia