The deposit base refers to the standard for individuals and units to pay social security and provident fund. Generally calculated according to the average monthly salary of the previous year. The newly hired employees are calculated according to the monthly salary earned in the second month of work or the average monthly salary actually paid since joining the work.

legal ground

"Regulations" of housing provident fund management sixteenth

? The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Article 17 of the Regulations on the Management of Housing Provident Fund

? The new employee starts to pay the housing provident fund from the second month after joining the work, and the monthly payment amount is the employee's own salary multiplied by the employee's housing provident fund payment ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.

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