Central government employees can get a gift soon. The government may soon give its approval on increasing the fitment factor. Let’s know in the news below, how much the salary of the employees can increase.
Central Government Employees can get a gift soon. The government may soon give its approval on increasing the fitment factor. According to media reports, after Budget 2023, there may be a revision in the fitment factor of the salary of government employees.
According to media reports, if the government approves this, then the employees can see a big increase in salary. The minimum basic salary of the employees will increase from Rs 18 thousand to Rs 26 thousand. In this way, the basic salary will increase by 8 thousand rupees in a month and 96 thousand rupees annually.
What is fitment factor?
Fitment factor is a common value, which is used to decide the total salary of the employee. It is multiplied with the basic salary to calculate the total salary. Presently the common fitment factor is 2.57 per cent. This means that if the basic pay of an employee in 4200 grade pay is Rs 15,500, then his total pay will be 15,500×2.57 i.e. Rs 39,835.
There has been a demand for increasing the fitment factor for a long time.
It is worth mentioning that there has been a long standing demand of central and state employees that their fitment factor be increased from 2.57 per cent to 3.68 per cent. If this happens then the minimum salary of central employees will increase from Rs 18 thousand to Rs 26 thousand.
DA and DR may increase
According to media reports, apart from increasing the fitment factor, the dearness allowance (DA) of central employees is expected to increase in March 2023. This will be effective from January 1. The government will also increase the Dearness Relief (DR) of pensioners. Along with this, government employees can also get arrears of 18 months of DA.
