1. The monthly contribution of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the contribution ratio of employee housing provident fund.

2. 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.

3 employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year.

II. Provisions on Individual Income Tax of Housing Provident Fund:

1. The housing accumulation fund actually paid by units and individuals within the range of no more than 12% of the average monthly salary of employees in the previous year is allowed to be deducted from the personal taxable income.

2. The part of the housing accumulation fund paid by units and individuals that exceeds the above-mentioned prescribed proportion and standard shall be incorporated into the personal current salary and salary income, and personal income tax shall be levied.

3. Individuals who actually receive (spend) the original housing provident fund shall be exempted from personal income tax.

Legal basis: Regulations on the Management of Housing Provident Fund

Twenty-fifth workers from the housing provident fund account balance, the unit shall verify, and issue a certificate of extraction.

Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

Twenty-sixth workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.