General Provident Fund Calculator 2022-23
GPF (General Provident Fund) calculator for the 2022-23 fiscal year. This calculator would be used to track an individual’s GPF balance, contributions, and withdrawals over the course of the year.
To use the calculator, you would enter the opening balance as of April 1, 2022, in the “Opening Balance” field. You would then input the monthly contributions, interest rate, and withdrawal amounts for each month in the corresponding fields. The calculator would use this information to calculate the balance and interest for each month, and display the results in the “Balance” and “Interest” columns.
At the end of the fiscal year, the calculator will display a summary of the total opening balance, deposits, withdrawals, and interest earned. This summary can be used to get a sense of the individual’s GPF activity over the course of the year.
Rate of interest of GPF should be equal rate of interest from EPF interest rate.