Fitment Factor Update: The new financial year is going to be great for the Central Government employees. The government is moving towards implementing a new formula by abolishing the pay commission in the coming year.
7th Pay Commission Latest News: An announcement has been made by the government regarding the DA hike of January for central employees. The increased amount of DA will be available in the salary of March. Only a few days are left for the new financial year to begin.
Along with this, the discussion of revision in the basic salary of the employees has started. That is, the new financial year is going to be great for the central government employees. The government is moving towards implementing a new formula by abolishing the pay commission in the coming year.
Expected change in fitment factor
Under this change, a change is expected in the fitment factor of the employees. Due to this, there can be a big jump in the salary of the employees. Central employees have been demanding for a long time that their fitment factor should be revised.
Sources claim that the government can increase the fitment factor by reviewing it in the new financial year. Present fitment factor of government employees is 2.57 times.
There will be a change of 8000 rupees in salary.
There are two sides regarding the change in the fitment factor of central employees. The first party says that the fitment factor should be increased from the existing 2.57 times to 3 times. With this, the basic salary of the employees will increase by about Rs.3000.
The other side says that the fitment factor should be 3.68 times as per the recommendations of the 7th Pay Commission. Due to this, there will be a change of about 8000 rupees in the salary of the employees.
Salary will increase like this and so much
At present, the minimum salary of central employees is Rs 18,000. After the decision on the fitment factor, it will increase to Rs 26,000. However, no official information has come from the government on this.
At present, on the basis of fitment factor 2.57 times and basic salary of Rs 18000, excluding other allowances, Rs 18,000 X 2.57 = Rs 46260. But if it is increased to 3.68, then excluding other allowances, the salary of the employees will be 26000 X 3.68 = Rs 95680.
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