Are overtime wages subject to social insurance?
Overtime wages are also classified as wages, so they are subject to social insurance income.
According to Circular 47/2015/TT-BLDTBXH, from January 1, 2018, there are 3 types of income subject to social insurance contributions: 1. Salary; 2. Salary Allowance; 3. Other supplements.
Overtime wages are also classified as wages, so they are subject to social insurance income.
As for other benefits and allowances such as: mid-shift meal allowance, gas allowance, phone allowance, social insurance is not included.
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| The way to calculate social insurance will change from January 1, 2018 (photo by congannghean) |
According to Circular 47, the amounts subject to social insurance contributions include:
1. Salary, record the salary calculated according to the time of the job or position according to the salary scale, salary table established by the employer according to the provisions of the labor law agreed by both parties. For employees receiving salary based on products or piecework, record the salary calculated according to time to determine the unit price of products or piecework.
2. Salary allowances, record the salary allowances that the two parties have agreed upon, specifically:
a) Salary allowances to compensate for factors related to working conditions, complexity of work, living conditions, and labor attraction that the agreed salary in the labor contract has not taken into account or has not fully taken into account.
b) Salary allowances are linked to the employee's work process and performance.
3. Other additional items, record the additional items agreed upon by both parties, specifically:
a) Additional amounts are determined by a specific amount of money together with the salary agreed in the labor contract and paid regularly in each pay period.
b) Additional amounts that do not have a specific amount of money along with the salary agreed upon in the labor contract, paid regularly or irregularly in each pay period related to the work process and work performance of the employee./.
According to VOV