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What does ets social security deduction 56 mean?

ets social security deduction 56 means that the deduction amount is 56 yuan. Social security deduction means withholding social security fees through the electronic tax payment warehousing system. The social insurance plan is organized by the government, forcing a certain group to use part of their income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of materials and labor and social stability.

social insurance law of the people's Republic of China article 2 the state establishes social insurance systems such as basic old-age insurance, basic medical insurance, work-related injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, work-related injury, unemployment and maternity.

article 3 the social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be commensurate with the level of economic and social development.