Calculation formula of social security tax payment in Shanghai

Relationship between Social Security Proportion, Base and Individual Income Tax in Shanghai

Endowment insurance: unit: 22%, individual: 8%

Unemployment insurance: unit: 2%, individual: 1%

Maternity insurance: all borne by the unit (0.5%)

Industrial injury insurance: all paid by the unit (0.5%)

Medical insurance: unit: 12%, individual 2%

Provident fund: 7% for units and 7% for individuals.

It's just that maternity insurance and industrial injury insurance don't need to be paid by individuals, so many people don't know.

Calculation method of individual income tax:

Taxable amount X= salary-four gold base * 18%- 1600 (Shanghai tax starting point)

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.