Notification Of Revised GP Fund Subscription Rates 2022, New GP Fund Deduction Rates 2022

Notification of Revised GP Fund Subscription Rates 2022, New GP Fund Deduction Rates 2022
Notification Of Revised GP Fund Subscription Rates 2022, New GP Fund Deduction Rates 2022

Notification of Revised GP Fund Subscription Rates 2022

Government of the Punjab Finance Department has notified that the General Provident Fund deduction has been increased for the Punjab Government Employees. According to the notification No.FD.SR-IV/2-22/2020 on dated: 17th October, 2022 following wording is mentioned in the notification.

Click here: December Annual Increment Download Chart Here

In exercise of the powers conferred under section 23 of the Punjab Civil Servants Act, 1974 (VIII of 1974), Governor of the Punjab is pleased to make the following amendment in the Punjab General Provident Fund Rules, 1978, with immediate effect.

New GP Fund Deduction Rates 2022

In the Punjab General Provident Fund Rule, 1978, in Rule 1.10,for sub-rule (1), the following shall be substituted:

Click Here: Government Revised Pay Scale Chart 2022

  1. The subscriber shall pay monthly subscription according to the Basic Pay scale mentioned in Column 1 of the table at the rate mentioned in column 2 thereof:
Basic Pay Scale Rate of Monthly Subscription (Rs.)
BPS - 1 600
2 1060
3 1150
4 1230
5 1330
6 1420
7 1500
8 1600
9 1700
10 1800
11 1920
12 3300
13 3570
14 3900
15 4290
16 4960
17 6350
18 7960
19 10,660
20 11,950
21 13,260
22 14,660

New GP Fund Deduction Rates 2022 Effect From

  1. The deduction on the basis of the rates mentioned above shall be made with effect from the pay for October 2022 payable on 1st November 2022.
  2. The subscription shall not be suspended or postponed during training or leave except in case of extraordinary leave without pay.

Download the GP Funds Increased Notification Here

Notification of Revised GP Fund Subscription Rates 2022, New GP Fund Deduction Rates 2022
Notification Of Revised GP Fund Subscription Rates 2022, New GP Fund Deduction Rates 2022

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