Now if the fitment factor is 3.68 times under the 8th Pay Commission, then the minimum pay scale will be 26,000.
Central Government employees can get many gifts simultaneously next month. It includes dearness allowance as well as fitment factor. According to the latest media reports, it can be considered to increase the fitment factor in August, meeting the demand of central employees that has been rising for a long time. If agreed, it can be implemented from September 1, 2022 and 52 lakh employees will get its benefit. However, no official statement has come out from the government.
Actually, the fitment factor is considered to be an important role in deciding the basic salary of central employees. Due to this factor, the salary of central employees increases by more than two and a half times. Based on the fitment factor, the revised basic pay is calculated from the old basic pay. Fitment factor is an important recommendation in the last pay commission report, on this basis the increment will be decided. Demand is being raised from 2.57 percent to 3.68 percent so that the basic salary can be increased.
According to media reports, a cabinet meeting is to be held under the chairmanship of PM Narendra Modi on August 3, in which the proposal of fitment factor can be considered. This can be increased to 3.68 percent and it can be implemented from September 2022. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month and now if it is approved, then the minimum basic salary will be increased by 8000 i.e. the basic salary at Pay-Level-1 is Rs 18000 per month, if fitment If the factor increases then it can be Rs 26000.
According to media reports, under the 7th Pay Commission, the discussion of the 8th Pay Commission (8th Pay Commission) has intensified amid speculations that the DA will increase from 4% to 6% in August. According to media reports, after the 7th Pay Commission, now the 8th Pay Commission can be brought and it can be implemented from January 1, 2026. This will increase the basic salary, which will prove to be a big relief for the employees.
According to media reports, since the late former Finance Minister Arun Jaitley had also indicated this in one of his speeches in Parliament in 2016, if sources are to be believed, the Modi government can consider it. With its implementation, the minimum salary of central employees from Level Matrix I can start from Rs 26,000. However, there has been no confirmation from the government yet.
FITMENT FACTOR SALARY CALCULATION
- The minimum pay scale under 6th Pay Commission was Rs 7,000 with fitment factor 1.86 times and increment 54%.
- Under the 7th Pay Commission, the minimum pay scale has reached Rs 18,000 with the fitment factor being 2.57 times and the increment 14.29%.
- Now if the fitment factor is 3.68 times under the 8th Pay Commission, then the minimum pay scale will be 26,000.
- 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.
(These figures are shown as an example, they are subject to change.)
