The formula for calculating the proportion of social security contributions

The formula for calculating the proportion of social security contributions is as follows:

1. The amount of enterprise contributions = approved total wages of enterprise employees * 20%; the amount of individual employee contributions = approved contribution base * 7% (currently 7%);

2. The amount of individual laborers (including self-employed businessmen and freelancers) = approved contribution base * 18%; the social security contribution base is the average social salary of 60%-300% for the payment base, generally the previous year's salary income for the contribution base:

(1) employee salary income is higher than 300% of the average salary of local employees in the previous year, to 300% of the average salary of local employees in the previous year for the contribution base;

(2) employee salary income is lower than the average salary of local employees in the previous year of 60% of the average salary of local employees in the previous year for 60% of the average salary of local employees in the previous year for 60% of the average salary of employees in the previous year for 60% of the average salary of local employees in the previous year. 60% of the average wage of employees in the previous year as the contribution base;

(3) if the employee's wage is between 300% and 60%, it is declared according to the actual situation. When the employee's salary income cannot be determined, the contribution base is determined by the average salary of local employees in the previous year announced by the local labor administration department as the contribution salary.

Legal basis: Article 2 of the Social Insurance Law of the People's Republic of China

The State establishes a social insurance system for basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., and guarantees the right of citizens to receive material assistance from the State and society in the event of old age, sickness, industrial injury, unemployment or childbirth. the right to receive material assistance from the State and society in cases of old age, sickness, work injury, unemployment, childbirth, etc.

The social insurance system adheres to the policy of broad coverage, basic protection, multi-level and sustainability, and the level of social insurance should be commensurate with the level of economic and social development.