It must be prepared in M.S. Excel. 30% bonus was remained allowed on interest/profit up to 1999-2000, but later on, discontinued. Opening Balance can be zero on the initial start of calculation i.e. from the date of deduction of G.P.Fund. The monthly subscription is changeable as per the actual deduction rate of the GP Fund. Interest Rate accordingly can be changed with reference to the year.
G.P.Fund Calculator 2021-22
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| General Provident Fund Calculation Sheet |
The pattern of GP fund calculation is such that in it you will first write the opening balance. Then select the scale. Then choose the year. Then we will adjust the rates. If any GP fund advance has been taken or withdrawn in a month, they will also write. Otherwise, we will leave it blank. This will automatically put interest in front of you.
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| G P Fund Calculator 2021-22 UpDated |
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