Notification of Revised GP Fund Subscription Rates 2022

Government of Pakistan Finance Division issued a Notification on 31-08-2022 in connection with Revised GP Fund Subscription Rates 2022. The new monthly GP Fund deduction rates are effect from 1st September 2022. The employees will have these new rates in the salary of September 2022 that thwy will receive on 1st October 2022.

Finance Division issued these new rates of GP Fund Deduction through monthly pay bills due to the Revised Pay Scales 2022 for Federal Government employees.

 

Table Chart of Revised GP Fund Subscription Rates 2022

Sr. No Minimum Basic Pay Maximum Basic Pay Average Basic Pay Monthly Subscription of General Provident Fund (GP Fund)
1 BPS-01 13550 26450 Rs. 600/-
2 BPS-02 13820 28520 Rs.1060/-
3 BPS-03 14260 31660 Rs.1150/-
4 BPS-04 14690 34490 Rs.1230/-
5 BPS-05 15230 37730 Rs.1330/-
6 BPS-06 15760 40960 Rs.1420/-
7 BPS-07 16310 43610 Rs.1500/-
8 BPS-08 16890 46890 Rs.1600/-
9 BPS-09 17470 50170 Rs.1700/-
10 BPS-10 18050 53750 Rs.1800/-
11 BPS-11 18650 57950 Rs.1920/-
12 BPS-12 19770 62670 Rs.3300/-
13 BPS-13 21160 67960 Rs.3570/-
14 BPS-14 22530 74730 Rs.3900/-
15 BPS-15 23920 83320 Rs.4290/-
16 BPS-16 28070 95870 Rs.4960/-
17 BPS-17 45070 113470 Rs.6350/-
18 BPS-18 56880 142080 Rs.7960/-
19 BPS-19 87840 178440 Rs.10660/-
20 BPS-20 102470 196130 Rs.11950/-
21 BPS-21 113790 217670 Rs.13260/-
22 BPS-22 122190 244130 Rs.14660/-

Minimum Rates of Subscription

The Minimum rates of subscription (on mean) will be as under:

Sr. No Basic Pay Scale No Subscription rates
1 BPS-01 3%
2 BPS-02 to BPS-11 5%
3 BPS-12 to BPS-22 8%

You may also like: GP Fund Interest Rates 2021-22 Federal

See also  Revised Rates National Savings Schemes wef 25th March 2021

 

Notification of Revised GP Fund Subscription Rates 2022

 

Whenever the pay scales revise, Government issues new rates of GP Fund deduction from the monthly bills of the employees. As this amount belong to the employees themselves, therefore they no need to worry about this deduction as this deduction is shifted to their GP Fund Accounts.

 

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