What does social security tax deduction mean?

Social security tax means that social security fees are uniformly collected and managed by the tax authorities, but they have been collected by the human and social departments before.

For workers, social security benefits will be better, but wages may be less.

Tax-bank social security payment means that the tax department cooperates with the bank and UnionPay, and the payer can pay the social security fee through bank outlets, online banking, mobile banking app and other banking channels. After the payment is successful, in general, you can query the payment record and print the payment voucher within 1-2 days; If the payment fails, in general, the payment will be returned to the original payment account within 1-2 days, and the payer does not need to operate. Social security payment methods are divided into individual payment and unit payment.

Tax-bank deduction refers to the bank's batch deduction, which is generally used to withhold electricity, water, loans, taxes and fees. For example, once the bank receives the data details of users' deductions from the water supply company, it will deduct all users' expenses in the data at one time according to this data, instead of deducting them one by one. Automatic deduction of tax, bank and social security contributions means that flexible employees can choose the nearest cooperative bank counter to collect social insurance premiums after joining the social insurance agency, and the bank will collect them regularly and issue bank payment vouchers, that is, complete the payment of social insurance premiums. The automatic deduction of individual tax and social security contributions has solved the problem that it is difficult for flexible employees to pay social insurance premiums.

legal ground

Article 58 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.