How to calculate the late payment fee for social security?

Social security late fees are calculated by multiplying the total amount of various insurance contributions by the number of overdue days by five ten thousandths:

1. According to the relevant laws and regulations, if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 will be charged daily; 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. If you don't pay the insurance premium for a long time, you will have a late fee after more than 6 months. The calculation method of overdue fine for endowment insurance premium is: total amount payable * days in arrears *2%. The upper limit of the late payment fee is 40% of the principal, and the maximum amount cannot exceed 8,000 yuan. More than 8000 yuan will be charged.

Supplementary application conditions

1, an application must be made by the employer;

2. There is a factual labor relationship between the employer and the payer;

3, provincial units should be insured and not insured, resulting in arrears of social security, can apply for social security to pay.

To sum up, the social security late payment fee is calculated according to the total payment of various insurances multiplied by the number of overdue days multiplied by five ten thousandths.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 86

If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; 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.