How much is the late fee for social security?

Late fees and interest are two kinds of expenses incurred when you cut off social security. Late payment fee is an economic sanction that forces you to pay social security according to the social security payment regulations. You can understand it as a fine. Interest is the time value of the social security funds you don't pay.

The calculation rule of late payment fee is: monthly social insurance premium payable × days in arrears × five ten thousandths = late payment fee.