How to calculate the base of provident fund

Monthly deposit base of employee housing provident fund = total wages of employees in the previous year12. Provident fund deposit, the monthly deposit amount of individual provident fund deposit is the average monthly salary of employees in the previous year multiplied by the proportion of employee provident fund deposit; The monthly deposit amount of the provident fund paid by the unit for the employees is the average monthly salary of the employees in the previous year multiplied by the deposit ratio of the unit provident fund.

What is the base of the provident fund? The payment base of housing provident fund is not determined by employees and units, and the provident fund base can also be called the provident fund deposit base. Specifically, it refers to the average monthly salary of employees in the previous year, that is, the total salary of the previous year divided by 12. For example, your average salary last year was 2000 yuan, and this year's deposit base is 2000 yuan. According to the standard that individuals and units each pay 12%, individuals will pay 240 yuan and units will pay 240 yuan every month this year.

The payment base of housing provident fund has relevant provisions, which shall not be lower than the minimum wage standard of employees in the previous year announced by the municipal human resources and social security department, nor shall it exceed 5 times the average monthly salary of employees in the city in the previous year announced by the municipal statistics department.