The housing provident fund base refers to the salary amount of the provident fund amount deposited by your company, excluding your own deposits, which means half of the total monthly payment.
Expanded content The "Housing Provident Fund Management Regulations" stipulate that the provident fund payment amount is calculated based on the provident fund payment base multiplied by the provident fund payment ratio. The provident fund payment base is generally the average monthly salary of the employee in the previous year (newly joined the job or newly transferred)
The employee's contribution base for the current year is the employee's total salary for the first month), and the contribution ratio is generally 5%-12%.