Home / Finance / Finance Department Increase GP Fund Chart by Scale 2022-23 Revised

Finance Department Increase GP Fund Chart by Scale 2022-23 Revised

The government of Pakistan (Finance Department) has boosted wages and pensions in the recently presented budgets for both Punjab and the Federal Governments. Every regular government employee (BPS 1 to BPS 22) has a percentage of their wages placed away for the Gp Fund. Contact the Finance Department if you want the most recent General Purpose Fund Increment Scale Chart for 2022-2023. 10. Beginning in 2022.

Beginning October 1, 2022, every regular government employee in Pakistan will have this amount removed from their paycheck each month and deposited into the GP Fund. Regular employees presently contribute to the GP fund through payroll deduction on a regular basis. However, the Finance Department has deducted more money from people’s wages in this budget than in previous ones. We’ve provided the Finance Department’s General Revenue Fund Growth Chart for 2022-23 for your convenience.

Information Finance Department (FD) GP Fund Increase Chart 2022-23

The additional help supplied between 2017 and 2022 has been included in the budget plan for the following fiscal year. Ad hoc allowances are now incorporated in the base wage of government employees. Finance has been asked to apply a new GP Fund Increase discount rate in line with the chart below.

For example, if a worker on the 11th scale was previously deducting Rs. 1290/- per month for GP payments, they would now deduct Rs. 1920/- per month, a Rs. 630/- difference. This chart shows the previous GP fund deduction rate, the new GP fund deduction rate, and the difference amount from BS 1 to BS 22.

The Finance Department provided a chart of General Purpose Fund Increase for the Fiscal Year 2022-2023, amended to integrate all Ad Hoc Allowances into Basic Pay. Keep in mind that this notification and the GP Fund deduction chart will be in force from October 1, 2022, to October 1, 2023.

Finance Department Increase GP Fund Chart by Scale 2022-23 Revised

Finance Department Increase GP Fund Check here

About admin

Leave a Reply

Your email address will not be published. Required fields are marked *