7th Pay Commission Fitment Factor 2022: Salary jump, Rs 95,680 will come in the account, know latest update
7th CPC Fitment Factor 2022: The day of 28 September can prove to be special for government employees (CG Employees). At the end of the month i.e. on September 28, an important meeting of the Modi cabinet has been called, in which a big decision can be taken regarding Dearness Allowance (DA Hike Update), increase in fitment factor (7th Pay Commission Fitment Factor) and other allowances. It is likely that before Diwali, the basic salary of the employees will be from 49000 to 96000. However, this will happen when the fitment factor increases from 2.57 to 3.68.
Big news on fitment (FF hike), DA Hike will bring so much money
4 percent dearness allowance of central employees: According to the latest media reports, 4 percent dearness allowance (DA Hike 4%) of central employees can be increased in the cabinet meeting to be held on September 28. If it is implemented from July 1, then 3 months arrears can also be given along with increased salary. About 1 crore employees will get the benefit of this. Also, a big announcement can be made on the fitment factor as well. If the Fitment Factor increases from 2.57 to 3.68 then there will be a big increase in the minimum basic salary of the employees.
Salary of 52 lakh employees will increase
Fitment Factor 3.68 & 18 Months DA Arrears News : Actually, fitment factor is considered to play an important role in deciding the basic salary of central employees. In the 7th Pay Commission, the salary of central employees is decided on the basis of Fitment Factor. Because of this, the salary of central employees increases by more than two and a half times. At present, the Fitment Factor is 2.57 percent, which the central government employees have been demanding for a long time to increase to 3.68 percent. If this happens then the minimum basic salary of the employees will directly increase from Rs 18,000 to Rs 26,000. This will benefit more than 52 lakh employees.
Due to increase in fitment factor, the salary of the employees will increase by this much.
Let us tell you that on the basis of Fitment Factor, the revised basic pay is calculated from the old basic pay. Fitment factor is an important basis in the last pay commission report, on the basis of which the decision of increment (7th CPC Salary Increment Update) will be taken. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month. With its implementation, the minimum salary of central employees from Level Matrix 1 will start from Rs 26,000.
At present the fitment factor of central employees is 2.57 times, on this basis the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900. If the fitment factor increases then the basic pay will increase from 18000 to 26000, if the basic salary of a central employee is Rs 18,000, then he will have a profit of 18,000 X 2.57 = Rs 46,260 excluding salary allowances. 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. there will be a profit of Rs 49,420 in salary.