Fitment Factor update: There is great news for the central employees. Employees can get great news regarding the fitment factor. Actually, due to increase in fitment factor, the minimum salary of central employees increases.
7th Pay Commission Fitment Factor update: There is great news for central employees. The government can take a decision on the next fitment factor. This will increase the minimum basic salary of the employees. A draft will be prepared for this, which will be shared with the government.
According to our partner website Zee Business, after the submission of the draft, a meeting on this issue can be held by the end of July. Union has given this new update. If there is an agreement on this matter, then the basic salary of more than 52 lakh central employees can be increased under the fitment factor.
Bumper salary of employees will increaseÂ
New dearness allowance may be applicable for central employees from July 1, 2022. In fact, according to the AICPI data, from July 1, 2022, there may be an increase in dearness allowance by 4 to 5% i.e. 38 to 39 percent DA.
So far, the numbers of the AICPI index till April have come. But, after the numbers of May and June, the government can announce it. Meanwhile, if the fitment factor is agreed upon, then the salary and pension of central employees and pensioners will increase.
Increase in minimum basic salaryÂ
Let us tell you that in the 7th Pay Commission, the salary of central employees is decided by the fitment factor. If the fitment factor increases, then the minimum salary of central employees will increase.
Let us tell you that due to this formula, the salary of central employees increased by more than two and a half times. At present the fitment factor of the employees is at the rate of 2.57 times. On this basis, the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900.
Know how much the salary will increaseÂ
- Currently fitment factor
- 6th CPC Pay Band: PB 1
- Grade Pay: Rs 1800
- Current Entry Pay: Rs 7000
- Entry Pay: 7000 x 2.57 = Rs 18,000 subject to fitment factor under 7th Pay Commission.
What happens if the fitment factor is 3?
- 6th CPC Pay Band: PB 1
- Grade Pay: Rs 1800
- Current Entry Pay: Rs 7000
- Entry Pay: 7000 x 3 = Rs 21,000 subject to fitment factor under 7th Pay Commission.
