Is the payment base of social security and provident fund the same?

In most cases, the payment base of five insurances and one gold is the same.

It is determined according to the average monthly salary and salary tax amount of the previous year declared by employees from June 1 day to February 1 day. For new employees who have just joined the company or have not been in the previous year for one year, they are determined according to the employee's first month's salary.

In a few cases, if the salary does not reach the minimum payment base or exceeds the maximum payment base, then the payment base of the provident fund and social security will change.

Five insurance and one gold payment = five insurance and one gold payment base × five insurance and one gold payment ratio

1. How to pay the provident fund?

The deposit ratio of provident fund is between 5%- 12%, and enterprises can choose the ratio at will. Enterprises and individuals each bear the same provident fund and remit it to the employee's individual provident fund account.

2. How to calculate the payment of social security?

The proportion of social security contributions is stipulated by the state, and the standards in each region are different. The following figure shows the minimum deduction standard of Guangzhou social security provident fund.