Is the salary base of social security contribution the total salary?

The social security payment base is not equal to the total wages, but it is related to the total wages.

The social insurance payment base, also known as the social insurance payment base, is the basis for the insured units and personnel to pay social insurance premiums. Social insurance payment base × payment ratio = social insurance premium payable.

Total wages refer to the total amount of labor remuneration paid directly by each unit to all employees of the unit within a certain period of time. The total salary consists of six parts: hourly salary; Piece rate; Bonus; Allowances and subsidies; Overtime pay; Wages paid under special circumstances, etc.

In the relationship between social security payment and total wages, social security should be paid according to the actual income of employees. If the wages of employees are lower than 60% of the local social average wage, they shall be paid at 60% of the social average wage, and if they are higher than 300%, they shall be paid at 300% of the social average wage. In between, we should compare whether the average social wage is lower or higher than 60% or 300% of the average social wage. if