What does the social security late fee mean?

Social security late payment fee: According to Article 86 of Chapter XI 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 or make up within a time limit, and from the date of default, an additional 5/10000 late payment fee shall be charged daily; If you don't pay it within the time limit, the amount owed by the relevant administrative departments will more than double ... If you want to know more about the meaning of social security late fees, please come and see with me.

One: social security late fees:

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.

2. Time and calculation method of overdue fine:

1. The calculation time of late payment fee is from the date when the employer fails to pay the fee on time to the date when the payment starts again.

For example, the payment time is 15, and there is no payment since 20 18 15, and then the payment is made again on 20 18 15, that is, 15.

2. From the date of overdue payment, an overdue fine of 5/10000 will be charged every day. If the monthly payment is in 900 yuan, the time obtained from the above is 10 month, which means ***300 days.

The calculation method is as follows:

The first month to the payment date is 10 month, so 900*0.05%*300 (days).

The period from the second month to the payment date is 9 months, so it is 900*0.05%*270 (days).

And so on, the last month is 30 days, and then add up all the months to be the late payment fee. According to the social security bureau, according to the above, if the payment is made within one month after the first month expires, there will be no deduction. That is to say, if the due date is August 15 and the overdue time is not counted until September 14, then the time for finding a job or finding the next company to undertake social security will be more relaxed.

I'm here to sort out the information about these problems, hoping to help you. The laws in China are gradually improving, and we look forward to helping more people.