Notification of Punjab New Revised GP Fund Subscription Rates 2017 issued on 16-08-2017 for Govt Employees

Notification No. FD-SR-1/2-1/95(P) is issued by the Government of Punjab Finance Department on 16-08-2017 regarding General Provident Fund Punjab New Revised GP Fund Subscription Rates 2017 for Govt Employees Finance Department.

Notification of Punjab New Revised GP Fund Subscription Rates 2017 issued on 16-08-2017 for Govt Employees

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 direct that in the Punjab General Provident Fund GPF Rules 1978, the following amendments shall be made.
Amendment:
In the said rules, in rule 1, 10, for sub rule(1) the following shall be substituted
(1) the subscriber shall pay monthly subscription according to the basic pay scale mentioned in column 1 of the table at the rate fixed in column 2 thereof.
Basic Pay scale
Rate of monthly Subscription
BS-1
400
BS-2
710
BS-3
770
BS-4
830
BS-5
890
BS-6
950
BS-7
1010
BS-8
1070
BS-9
1140
BS-10
1210
BS-11
1290
BS-12
2220
BS-13
2400
BS-14
2620
BS-15
2890
BS-16
3340
BS-17
4270
BS-18
5360
BS-19
7180
BS-20
8050
BS-21
8940
BS-22
9880

Old GP Fund Subscription Rates 2016

Basic Pay scale
Rate of monthly Subscription
BS-1
337
BS-2
596
BS-3
646
BS-4
692
BS-5
745
BS-6
798
BS-7
844
BS-8
897
BS-9
951
BS-10
1012
BS-11
1091
BS-12
1851
BS-13
2010
BS-14
2194
BS-15
2425
BS-16
2806
BS-17
3579
BS-18
4471
BS-19
5998
BS-20
6693
BS-21
7426
BS-22
8210

The deductions on the basis of the rates mentioned above shall be made with effect from the pay for August 2017 .payable on 1st September 2017.
The subscription shall not be suspended or postponed during training or leave except in the case of extra ordinary leave without pay.
Secretary  Government of Punjab Finance Department


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Notification-of-punjab-new-revised-GP-fund-subscription-rates-2017-issued-on-16-08-2017-for-govt-employees