Regulations for the Implementation of the Individual Income Tax Law Article 25 According to state regulations, the basic old-age insurance premium, basic medical insurance premium, unemployment insurance premium and housing accumulation fund paid by units and individuals shall be deducted from the taxable income of taxpayers.
So it's not basic and can't be deducted.
The Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Enterprise Income Tax Policies Concerning Supplementary Endowment Insurance and Supplementary Medical Insurance (Caishui [2009] No.27) stipulates that since June 5438+ 10/0/day, the supplementary endowment insurance and supplementary medical insurance paid by an enterprise for all employees in the enterprise shall not exceed 5% of the total wages of employees. Therefore, the part of supplementary medical insurance paid by enterprises for individuals that exceeds 5% of the total wages of employees shall not be deducted before tax.
The Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Individual Income Tax Policies for Basic Old-age Insurance, Basic Medical Insurance, Unemployment Insurance and Housing Provident Fund (Caishui [2006]10) stipulates that the basic old-age insurance, basic medical insurance and unemployment insurance actually paid by enterprises and institutions according to the payment ratio or method stipulated by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall be exempted from individual income tax. The basic old-age insurance premium, basic medical insurance premium and unemployment insurance premium actually paid by individuals according to the payment ratio or method stipulated by the state or the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are allowed to be deducted from the taxable income of individuals. Enterprises, institutions and individuals who pay basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums in excess of the prescribed proportions and standards will incorporate the excess into personal current wages and salary income and pay personal income tax. That is, the basic old-age insurance premium, basic medical insurance premium, unemployment insurance premium and housing accumulation fund actually paid by enterprises and institutions in accordance with the payment ratio or method stipulated by the state or provincial people's government are exempt from personal income tax. The tax-free items in Caishui [2006] 10 do not include supplementary medical insurance. Therefore, the supplementary medical insurance paid by enterprises for employees should be subject to personal income tax.
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Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.