GP Fund is the Punjab General Provident Fund deducted by the Government of Punjab (Finance Department) from the salary of all regular Govt employees. From the previous GP Fund deduction, Govt has requested to amend the new GP Fund Rate Deduction 2023 from the salary with effect from this month of 2023.
New GP Fund Rate Deduction 2023 Rule by Finance Department
The new GP Fund Rate Deduction 2023 by Finance Department Notification 2023 is mentioned in the table attached announced via this GP Fund notification approved on 17th 2023 by this department. Check below the GP Fund notification from BPS-01 to BPS-22 and rate of monthly deduction, and the subscription mentioned in front of BPS.
Brief Detail of New GP Fund Rate Deduction 2023 by Finance Department Notification 2023
Let us discuss one by one the New GP Fund Rate Deduction 2023 increased from this month onward.
| New GP Fund Rate 2023 | ||
| Sr # | Basic Pay Scale (BPS) | Rate of a monthly subscription (Rs.) |
| 1 | BPS-1 | Rs. 600/- |
| 2 | BPS-2 | Rs. 1,060/- |
| 3 | BPS-3 | Rs. 1,150/- |
| 4 | BPS-4 | Rs. 1,230/- |
| 5 | BPS-5 | Rs. 1,330/- |
| 6 | BPS-6 | Rs. 1,420/- |
| 7 | BPS-7 | Rs. 1,500/- |
| 8 | BPS-8 | Rs. 1,600/- |
| 9 | BPS-9 | Rs. 1,700/- |
| 10 | BPS-10 | Rs. 1,800/- |
| 11 | BPS-11 | Rs. 1,920/- |
| 12 | BPS-12 | Rs. 3,300/- |
| 13 | BPS-13 | Rs. 3,570/- |
| 14 | BPS-14 | Rs. 3,900/- |
| 15 | BPS-15 | Rs. 4,290/- |
| 16 | BPS-16 | Rs. 4,960/- |
| 17 | BPS-17 | Rs. 6,350/- |
| 18 | BPS-18 | Rs. 7,960/- |
| 19 | BPS-19 | Rs. 10,660/- |
| 20 | BPS-20 | Rs.11,950/- |
| 21 | BPS-21 | Rs.13,260/- |
| 22 | BPS-22 | Rs.14,660/- |
BS 1 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-1, New GP Fund Rate Deduction 2023 the finance department will deduct amounting to Rs. 600/- from the month of 2023 onward.
BS 2 New GP Fund Rate Deduction 2023
For all the Government employees who are recruited in BPS-2, the finance department will deduct amounting to Rs. 1060/- from the month of 2023 onward.
BS 3 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-3, the finance department will deduct amounting to Rs. 1150/- from the month of 2023 onward.
BS 4 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-4, the finance department will deduct amounting to Rs. 1230/- from the month of 2023 onward.
BS 5 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-5, the finance department will deduct amounting to Rs. 1330/- from the month of 2023 onward.
BS 6 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-6, the finance department will deduct amounting to Rs. 1420/- from the month of 2023 onward.
BS 7 New GP Fund Rate
For all the Government employees who are recruited in BPS-07, the finance department will deduct amounting to Rs. 1500/- from the month of 2023 onward.
BS 8 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-08, New GP Fund Rate Deduction 2023 by finance department will deduct amounting to Rs. 1600/- from the month of 2023 onward.
BS 9 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-9, the finance department will deduct amounting to Rs. 1700/- from the month of 2023 onward.
BS 10 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-10, the finance department will deduct amounting to Rs. 1800/- from the month of 2023 onward.
BS 11 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-11, the finance department will deduct amounting to Rs. 1920/- from the month of 2023 onward.
BS 12 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-12, the finance department will deduct amounting to Rs. 3300/- from the month of 2023 onward.
BS 13 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-13, the finance department will deduct amounting to Rs. 3570/- from the month of 2023 onward.
BS 14 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-14, the finance department will deduct amounting to Rs. 3900/- from the month of 2023 onward.
BS 15 New GP Fund Rate 22023
For all the Government employees who are recruited in BPS-15, the finance department will deduct amounting to Rs. 4290/- from the month of 2023 onward.
BS 16 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-16, the finance department will deduct amounting to Rs. 4960/- from the month of 2023 onward.
BS 17 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-17, the finance department will deduct amounting to Rs. 6350/- from the month of 2023 onward.
BS 18 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-18, the finance department will deduct amounting to Rs. 7960/- from the month of 2023 onward.
BS 19 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-19, the finance department will deduct amounting to Rs. 10600/- from the month of 2023 onward.
BS 20 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-20, the finance department will deduct amounting to Rs. 11950/- from the month of 2023 onward.
BS 21 GP Fund Deduction Rate
For all the Government employees who are recruited in BPS-21, the finance department will deduct amounting to Rs. 13260/- from the month of 2023 onward.
BS 22 New GP Fund Rate 22023 Deduction Rule
For all the Government employees who are recruited in BPS-22, New GP Fund Rate Deduction 2023 by the finance department will deduct amounting to Rs. 14660/- from the month of 2023 onward.
New GP Fund Rate Deduction 2023 by Finance Department Notification جی پی فنڈ
