Central employees have been waiting for the implementation of the fitment factor for a long time. It is expected that the Finance Minister can make an announcement regarding this in the budget. If this happens, then along with the increase in the basic salary of the central employees, their DA will also increase.
New Delhi. When Finance Minister Nirmala Sitharaman will present the budget at 11 am on February 1, the eyes of the central employees will be fixed on her. Everyone is expecting that the salary of central employees will be increased in the budget. Will the Finance Minister give green signal to the fitment factor today, we will know after a few hours.
It is expected that the fitment factor can also be decided in the Budget 2022. After getting approval from the cabinet, it will be included in the budget expenditure. If the central government increases the fitment factor, then the salaries of central employees will automatically increase. The fitment factor decides the basic salary for all central government employees.
Salary will increase so much
The fitment factor was last increased in 2016, in which the minimum basic pay of employees was increased from Rs 6,000 to Rs 18,000. A possible increase in the fitment factor could lead to a minimum basic pay of Rs 26,000. At present, the minimum basic pay is Rs 18,000, which will increase to Rs 26,000.
Allowances will also increase
If the basic pay increases from Rs 18,000 to Rs 26,000, then the dearness allowance will also increase. Dearness Allowance-DA is equal to 31 percent of the basic pay. Calculation of DA is done by multiplying the rate of DA by the basic pay. That is, due to increase in basic pay, dearness allowance will also automatically increase.
