The deposit base of housing provident fund for new employees is usually the average monthly salary of the previous year. For new employees, starting from the second month, the deposit base is the actual salary of the month. Units and individuals shall pay the provident fund in accordance with the provisions, and the deposit ratio shall not be less than 5%. Those who fail to pay according to the regulations will face the consequences of being ordered to pay within a time limit and collecting late fees. Those who seriously violate the regulations will be investigated for legal responsibility. It is very important to pay the provident fund correctly to protect the rights and interests of employees.
Calculation method of provident fund:
1, the contribution ratio of provident fund: stipulated by the local housing provident fund management center, which is generally 5%-12%;
2. Upper and lower limits of deposit base: according to local regulations, there are maximum and minimum deposit base limits;
3. The deposit ratio of individuals and units: The deposit ratio of individuals and units is usually the same;
4. Adjustment time: the annual provident fund deposit base will be adjusted according to the changes in employees' wages;
5. Deposit capping line: wages exceeding a certain amount are no longer included in the deposit base.
To sum up, the deposit base of housing provident fund is usually based on the average monthly salary of employees in the previous year, while the new employees are calculated based on the actual salary of the month, and the deposit ratio shall not be less than 5%. Failure to pay in accordance with the regulations may lead to late fees or legal liabilities. Therefore, it is of great significance to abide by the provisions of provident fund payment to safeguard the interests of employees.
Legal basis:
Regulations on the administration of housing provident fund
Article 16
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.