Employees will get another great gift! Basic salary increase possible, 49420 salary will increase, know how?
If the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be 18,000 X 2.57 = profit of Rs 46,260.
Before the new year, central government employees (7th Pay Commission Fitment Factor update) can get another good news soon and there can be a big jump in salary. According to the latest media reports, the fitment factor can be decided before the upcoming dearness allowance, it can be increased from 3 per cent to 3.68 per cent. This will increase the minimum basic salary by 8000, although no official confirmation has been made by the government in this regard yet.
In fact, recently the Central Government has increased the dearness allowance of employees by 4 percent, after which the total DA has become 38 percent, the benefit of which has started getting from the salary of November. If the fitment factor is also agreed in the coming days, then the basic salary will increase from 18000 to 26000. A draft will be prepared for this, which will be shared with the government. As soon as there is a change in the fitment factor, its effect will be visible on the entire salary of the employees.
Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month. According to media reports, the minimum salary of employees can be increased once again by the Modi government under the 7th Pay Commission. At present, the fitment factor of the employees under the 7th Pay Commission is 2.57 times and the basic salary is 18000. . The fitment factor can be increased to 3.68 per cent, after which the minimum basic salary will be 26000. If 3 times increase is agreed then the minimum salary will be 21,000.
Why is the demand rising, how much will the salary increase
The fitment factor is a major parameter to decide the minimum salary of central employees. Due to this factor, the salary of central employees increases by more than two and a half times. The pay matrix made in the 7th Pay Commission is based on the fitment factor, in such a situation, the fitment factor is considered to be an important role in the salary received by the employees. For example, if the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be Rs 18,000 X 2.57 = Rs 46,260 profit. On 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. in salary 49,420 will get a profit. 3 times the fitment factor, the salary will be 21000 X 3 = Rs 63,000.