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Government of the Khyber Pakhtunkhwa, Finance Department has issued Notification No. 4-20(F/L)FD/2012/Vol-IV dated 6th August 2014 in connection with GP Fund Interest Rates for 2013-14.
Government of Pakistan Finance Division (Budget Wing) has issued Notification No. F.8(1)GS-I/2007-865 dated 17th July 2014 in connection with Interest Rate of GP Fund for the Year 2013-14. The subject of the Notification is Rate of Mark Up on State Provident Fund i.e General Provident Fund (GPF) for the Fiscal Year 2013-2014.
I have already published an article in connection with the Calculation of GP Fund Advance Interest Amount manually. On the request of the visitors of Galaxy World, I am today publishing an article about the Calculation of GP Fund Advance Interest Amount in MS Excel Sheet.
I have already published some articles about the Calculation of GP Fund Interest amount after a year’s periods as well as I have also published about the calculation of Interest amount on GP Fund Advance. Today I will tell you how to Calculate GP Fund Balance with Bonus Amount. The bonus on GP Fund was granted in various years during the past.
I have already published a formula for the Calculation of GP Fund Interest Amount manually after a year but now I am publishing here how to Calculate GP Fund Annual Balance Amount with Simple MS Excel Sheet. It is so simple to use and you can easily prepare your own GP Fund Statement. You have to just put the monthly deduction amount of GF Fund and the Interest rate for that year.
Govt of Pakistan Finance Division, Regulation Wing Islamabad has issued Notification No. F.2 (1)-Reg.7/2010 dated 19th July 2013 in connection with the revised rates of GP Fund & CP Fund for the year 2012-2013. The new rates are 12%. The rates of the General Provident Fund and the Contributory Provident Fund for the financial year 2011-12 were 13.70%.
The General Provident Fund Interest Rates for the financial year 2011-12 has been announced by the Finance Division Regulation Wing vide No. F.2 (1)-Reg.7/2010-302 dated 31st July 2012. The rates on deposits and balances at the credit of the subscribers for the financial year 2010-2011 were 14.20 % per annum. It has now been decided that the rates of profit applicable to the subscribers and the balances in the various Provident Fund during the financial year beginning on the 1st July 2011 shall be 13.70 % per annum. The Concerned Funds are as under: