Calculation method of social security payment

Legal analysis: if the payer fails to pay and remit social insurance premiums according to the regulations, the administrative department of labor security or the tax authorities shall order him to pay within a time limit; Fails to pay, in addition to overdue payment, from the date of default, a daily surcharge of 2/1000.

Legal basis: Article 13 of the Provisional Regulations on the Collection and Payment of Social Insurance Fees. If the payer fails to pay and withhold social insurance fees in accordance with the regulations, the administrative department of labor security or the tax authorities shall order it to pay within a time limit; Fails to pay, in addition to repay the amount owed, from the date of default, the daily surcharge of two thousandths. Late payment fees are incorporated into social insurance funds.