On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 will be benefited in the salary.
There is good news for central employees (7th Pay Commission Central Government employees). Soon the central government can give a big gift to the employees before Raksha Bandhan. According to the latest media reports, the cabinet meeting to be held on 3 August can approve the increase in fitment factor and it can be implemented from 1 September 2022. There will be an increase of up to 96 thousand in this.
According to the latest media reports, in the Modi cabinet meeting to be held on August 3, along with the announcement of new dearness allowance, a decision can also be taken on the proposal of fitment factor. At present, the employees are getting a fitment factor of 2.57 and it is expected that it can be increased to 3.68 percent on the demand of the employees. This will increase the minimum basic salary by 8000 and the basic salary will increase from 18 thousand to 26000. Its 52 lakh employees will get benefits from 50000 to 96000 in basic salary.
Let us tell you that 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. Due to this factor, the salary of central employees increases by more than two and a half times. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month and now if it increases then it will be directly 26000. The same will increase in basic salary of Rs 96 thousand annually. It can be implemented from 1st September 2022. .
Benefit in salary will be available up to 96 thousand
- 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 = profit of Rs 46,260.
- On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 will be benefited in the salary.
- If it is increased to 3 then the basic salary will be Rs 21000. On this basis, the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900, if the fitment factor is agreed upon, the employees’ money will increase according to the salary.
