GP Fund Subscription Rates 2022 Sindh Govt

Government of Sindh, Finance Department issued a Notification on 07-09-2022 in connection with GP Fund Subscription Rates 2022 Sindh Govt employees. The New Sindh Government GP Fund deduction rates 2022 are effective from the salary of September 2022 that the employees will get on 1^st October 2022. The details are as under:

The last time, the Finance Department Sindh revised the GP Fund deduction rates was in 2017 when the Government revised the Basic Pay Scales 2017. Now after the introduction of new pay scales in 2022, the Government has to change the rates of subscription.

Table of New GP Fund Deduction Rates 2022

The table for the subscription rates for the employees of BPS-01 to BPS-22 of the Sindh Government is as under:

Sr. No	BPS	Average Basic Pay	Subscription rates percentage	New GP Fund Subscription rates
1	BPS-01	20,000/-	3%	600
2	BPS-02	21,170/-	5%	1,060
3	BPS-03	22,960/-	5%	1,150
4	BPS-04	24,590/-	5%	1,230
5	BPS-05	26,280/-	5%	1,330
6	BPS-06	28,360/-	5%	1,420
7	BPS-07	29,960/-	5%	1,500
8	BPS-08	31,890/-	5%	1,600
9	BPS-09	33,820/-	5%	1,700
10	BPS-10	35,900/-	5%	1,800
11	BPS-11	38,300/-	5%	1,920
12	BPS-12	41,220/-	8%	3,300
13	BPS-13	44,560/-	8%	3,570
14	BPS-14	48,630/-	8%	3,900
15	BPS-15	53,630/-	8%	4,290
16	BPS-16	61,970/-	8%	4,960
17	BPS-17	79,270/-	8%	6,350
18	BPS-18	99,480/-	8%	7,960
19	BPS-19	133,140/-	8%	10,660
20	BPS-20	149,300/-	8%	11,950
21	BPS-21	165,730/-	8%	13,260
22	BPS-22	183,160/-	8%	14,660

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Option to Postpone The New rates

The deductions from the pay of employees on basis of new rates, the Accounts Offices will do in the month of September 2022 and the employees will get a salary with new deducted rates of GP Fund on 1^st Oct 2022. There shall be no option to postpone the subscription to the above fund either during leave (except Extra Ordinary Leave without pay) or during the training period.

Effects of New GP Fund Deduction Rates 2022

The new GP Fund deduction rates may affect the following for employees:

Decrease in net salary due to high increase in deduction
More balance in their GP Fund Accounts hence the employees will get more interest on their GP Fund balance. Sindh Government has also issued the Notification of GP Fund Interest Rates 2021-22 which is the same as the Federal Government announced.