The payment base refers to the standard for individuals and units to pay social security and provident fund. Generally, it is calculated by the average monthly salary of the previous year. The newly hired employees are calculated by the salary income due in the whole month of the second month of their employment or by the actual average monthly salary paid since their employment.

Legal basis

Article 16 of the Regulations on the Administration of Housing Provident Fund

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

article 17 of the regulations on the administration of housing provident fund

? New employees begin to pay housing provident fund from the second month of their work, and the monthly payment amount is the employee's 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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