What does the total social security individual contribution mean?

Legal analysis: 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 according to 60% of the social average wage, and if they are higher than 300%, they shall be paid according to the actual wage. If it is between the two, we should compare whether the average social wage is lower than or higher than 60% or 300% of the average social wage. 1, and the social security payment base is the social security payment base calculated according to the wages payable by the workers. 2. Wages shall be paid to the workers themselves in monetary form, including basic wages, overtime wages, various subsidies, performance pay, etc. The payment base is not equal to the basic salary or the total salary, but it is related to the total salary. Social security payment base, also known as social insurance payment base, is the basis for insured units and insured persons to pay social insurance premiums. Social insurance payment base × payment ratio = social insurance premium payable. For example, the average social wage 1000 yuan, and the payment base can be 600 yuan-3,000 yuan.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that employers and workers must participate in social insurance and pay social insurance premiums according to law. The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.