How to calculate the late payment of social security

Late payment calculation rules: monthly social security contributions payable × days of arrears × five ten thousandths = late payment (rounded to two decimal places).

Calculation of the number of days of late payment: Deadline for calculation of late payment - Starting date for calculation of late payment + 1; Starting date for calculation of late payment: Take the first day of the second month of the settlement date and start calculating.

The deadline for calculating late payment: the day before the date of generating the return to make up for the generation date. According to the relevant regulations, late payment will be generated after a long period of non-payment of premiums for more than 6 months.

Legal provisions:

1, according to the "People's Republic of China *** and the State Social Insurance Law", Chapter XI, Article 86 provides that: the employer fails to pay the social insurance premiums in full and on time, by the social insurance premiums collection agency ordered to pay or make up for the deadline, and from the date of arrears of payment, a late fee of five ten thousandths of a percent of the day; overdue If the payment is still not made, the relevant administrative department shall impose a fine of not less than double and not more than triple the amount of unpaid contributions.

2. Late payment will be incurred if the premiums are not paid for a long period of time, more than 6 months. The late payment of pension insurance premiums is calculated as follows: the total amount of contributions due x the number of days in arrears x 2%. The capped amount of late payment is 40% of the principal amount.