Calculation formula of five insurances and one gold in Shanghai

Legal analysis: 1, endowment insurance: 22% for employers and 8% for individuals.

2. Unemployment insurance: unit: 2%, individual 1%.

3. Maternity insurance: all borne by the unit (0.5%)

4. Work-related injury insurance: borne by the unit (0.5%).

5. Medical insurance: unit: 12%, individual 2%.

6. Provident fund: unit: 7%, individual 7%.

The payment base of social insurance has an upper limit and a lower limit, which are determined according to 300% and 60% of the average monthly salary of employees in the city last year. If it is within the upper and lower limits, it will be paid according to the actual amount; If it exceeds the upper limit, it will be paid according to the lower limit.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated in accordance with the Constitution for the purpose of regulating social insurance relations, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to share the fruits of development and promoting social harmony and stability.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.