If the fitment factor is 3.68 percent, then the minimum salary of the employees will increase by 8 thousand rupees.
7th pay commission: There is news of work for central government employees. Employees will have to wait longer for the fitment factor. A consensus has not yet been reached on this. There was a possibility that a decision on the fitment factor could be taken in the cabinet meeting chaired by PM Modi on Wednesday, but it did not happen. If the fitment factor is decided in the coming days, then the basic salary will increase and it will increase from 18 thousand to 26 thousand rupees..
In fact, the employees have been demanding for a long time to increase the fitment factor to 3.68 per cent so that the minimum wage can be increased. At present the fitment factor of central employees is 2.57 per cent and their basic salary is Rs 18000. If the fitment factor is 3.68 percent, then the minimum salary of the employees will increase by Rs 8,000, that is, the basic salary will increase from 18000 to Rs 26000. Earlier in 2016 the fitment factor was increased and the minimum basic salary was 6,000. 18,000 was increased from Rs.
The basic salary of the employee is calculated by multiplying the fitment factor of the 7th pay commission by 2.57. 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 3.68 If the salary is Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 will be available in the salary. If it is increased to 3 then the basic salary will be Rs 21000.
According to media reports, the pay matrix made in the 7th Pay Commission is based on the Fitment factor. The entry level basic pay was raised from Rs 7,000 per month to Rs 18,000 per month after approval of the recommendations of the Seventh Pay Commission with modifications, while the highest level i.e. secretary was increased from Rs 90,000 to Rs 2.5 lakh.
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