The government of Pakistan (Finance Department) has increased the salary and pension in the current budget presented by Punjab and Federal Government. Govt deduct the Gp Fund from all regular Government Employees with different deduction rater from BPS 1 to BPS 22. Get the Finance Department GP Fund Increase Chart 2023-24 Scale-Revised with effect from 01. 10. 2022 to onward.
This is the Govt Employee’s Monthly GP Fund Deduction Rate w.e.f 01.10.2022 for all regular Govt Employees of Pakistan. The regular employees already make deductions from the GP fund on monthly basis. But in this budget Finance Department has increased the amount of deduction more amount from the previous. Finance Department GP Fund Increase Chart 2023-24 is attached for necessary details.
Details Finance Department GP Fund Increase Chart 2023-24
The upcoming Budget for next year Govt has merged the Adhoc relief from 2017 to 2023. All Adhoc allowance has been merged into the Basic Pay of all Govt employees. With this order, Finance will apply a new GP Fund Increase deducation rate as per the following New GP Fund chart.
If an employee of the 11th scale deducts the number of Rs. 1290/- for the previous month now next month to onward it will be deducted Rs. 1920/- after increasing the number of Rs. 630/- This is the complete chart From BS 1 to BS 22 detail of Old GP Fund Deduction Rate and New GP Fund Deduction Rate and the difference amount displayed in this format.
|Basic Pay Scale|
BS-1 to BS-22
|Rate of monthly subscription in (Rs.)|
Finance Department GP Fund Increase Chart 2023-24 Scale-Revised with merging all Adhoc allowances into Basic Pay. Remember this notification and GP Fund deduction chart will be applicable from the month of October 2023 to 01/10/2023.