Employers only pay social security and not provident fund.

It is illegal for a company to pay only insurance and not provident fund. Employers and workers must participate in social insurance and pay social insurance premiums according to law. Participating in social insurance is a compulsory obligation of the company, and both the company and the workers must fulfill it. It is also the obligation of the unit to pay the provident fund for employees. Legal basis: It is illegal for the unit to pay only insurance and not provident fund. Employers and workers must participate in social insurance and pay social insurance premiums according to law. Participating in social insurance is a compulsory obligation of the company, and both the company and the workers must fulfill it. It is also the obligation of the unit to pay the provident fund for employees.

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following five aspects:

(1) The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.

(2) Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

(3) The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

(4) The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

(5) The housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure according to regulations, which has two characteristics:

First, it is cumulative, that is, the housing provident fund is not an integral part of employees' wages, and it is not paid in cash. It must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and special account management is implemented.

The second is special. The housing provident fund is earmarked for special purposes and can only be used for the purchase, construction, overhaul of self-occupied housing or the payment of rent during storage. Only when employees leave, retire, die, completely lose their ability to work, terminate their labor relations with their units or move out of their original cities can they withdraw housing provident fund from their accounts.

According to China's regulations, all enterprises, whether state-owned or private, must deposit and pay housing provident fund for their employees.

The housing accumulation fund paid by enterprises and institutions does not belong to the nature of total wages, but belongs to the cost of enterprises. According to the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Deduction of Wages, Salaries and Employee Welfare Expenses (State Taxation Administration of The People's Republic of China No.20093), the "total wages and salaries" as mentioned in Articles 40, 41 and 42 of the Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) refers to the total wages and salaries actually paid by the enterprise according to Article 1 of State Taxation Administration of The People's Republic of China Document No.3, excluding employee welfare expenses and employee education expenses undertaken by the enterprise.

Legal basis:

People's Republic of China (PRC) social insurance law

Eighty-fourth employers do not apply for social insurance registration, the social insurance administrative department shall order them to make corrections within a time limit; If no correction is made within the time limit, the employer shall be fined between one and three times the amount of social insurance premiums payable, and the directly responsible person in charge and other directly responsible personnel shall be fined between 500 yuan and 3,000 yuan. Article 86 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.