Do you have to pay tax on five insurance and one gold

The five insurance and one gold do not have to pay tax.

1, basic pension insurance;

2, basic medical insurance;

3, unemployment insurance;

4, industrial injury insurance;

5, maternity insurance;

6, housing fund.

Tax benefits of social security:

1. Deduction before personal income tax: social security payments can be used as a special deduction in the calculation of personal income tax, reducing the amount of taxable income;

2. Reduction of corporate income tax: social security payments made by enterprises for their employees can be used as a deduction for costs and expenses to a certain extent, reducing the amount of taxable income of enterprises;

3. Tax policy support: the government has specific tax incentives for social security, encouraging enterprises and individuals to participate in social security in accordance with the law;

4. Avoiding double taxation: social security costs have already been paid in accordance with the provisions of the tax incentives, and therefore no longer be taxed as salary income at the time of issuance.

In summary, the five insurance and one pension includes basic pension insurance, basic medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing fund, which are all benefits enjoyed by the employees in the process of employment and do not need to pay tax at the time of payment, which are aimed at providing basic social security and housing protection for the employees.

Legal basis:

Regulations for the Implementation of the Individual Income Tax Law

Article 25

According to the state regulations, the basic old-age insurance premiums, basic medical insurance premiums, unemployment insurance premiums, and housing provident fund that are paid by the unit for the individual and by the individual, shall be deducted from the taxable income of the taxpayer.