The contribution base refers to the standard for individuals and units to pay social security and provident fund, which is generally calculated on the basis of the average monthly salary of the previous year, and the newly recruited employees are calculated on the basis of the full-month payable salary income of the second month of the second month of their participation in the work or on the basis of the average monthly salary actually paid since their participation in the work.
Legal basis
Article 16 of the Housing Provident Fund Regulations
? The monthly contribution to an employee's housing fund is the employee's own average monthly salary for the previous year multiplied by the employee's housing fund contribution ratio. The monthly contribution to the housing fund by the unit for the employee is the average monthly salary of the employee in the previous year multiplied by the unit's contribution ratio to the housing fund.
Article 17 of the Housing Provident Fund Regulations
? Newly employed employees start to contribute to the housing fund from the second month of their employment, and the monthly contribution is the employee's monthly salary multiplied by the employee's housing fund contribution ratio. Newly transferred employees are required to contribute to the housing fund from the date of salary payment by the transferring organization, and the monthly contribution is the employee's current monthly salary multiplied by the employee's housing fund contribution ratio.
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