Calculation Method of New Farmers' Insurance Salary

The method of calculating the salary of the new rural insurance is based on the actual salary level of the insured and the contribution ratio. Specific calculation methods and standards may vary from region to region, so you can consult with your local health insurance agency.

The wage calculation method of the NPS is based on the actual wage of the insured person and the contribution ratio of the region. Generally, the monthly wage calculation method is adopted, i.e., all the wage incomes in a natural month are summed up and then divided by the number of days in the month to get the average daily wage, which is then multiplied by the contribution ratio of the region to arrive at the premium to be paid for the NPS. It is worth noting that the contribution rate may vary from region to region, depending on the relevant local policies.

Is the premium paid for the NPS tax deductible? Yes. According to the Individual Income Tax Law, the premiums paid by individuals for the new rural cooperative medical care can be deducted from the calculation of taxable income, subject to certain limits. For details, you can consult with your local tax department.

The salary calculation method of the new rural insurance is mainly based on the actual salary level of the participants and the local contribution ratio. The contribution ratio may be different in different areas, and the local policy will prevail. In addition, the NPS premiums paid by individuals can be deducted when calculating taxable income.

Legal basis:

Article 14 of the Measures for the Implementation of the New Rural Cooperative Medical Care (NRCMC): Participants shall pay the NRCMC premiums to their villages in accordance with the standard of payment and the period of payment.