Central Employee Salary Hike 2023: There is good news for central employees. The government may increase the Dearness Allowance (DA) by 4 percent before the festivals. If this happens, dearness allowance can increase from 42 percent to 46 percent.
Central Employee Salary Hike 2023: There is good news for central employees. The government may increase the Dearness Allowance (DA) by 4 percent before the festivals. If this happens, the dearness allowance can increase from 42 percent to 46 percent. Apart from dearness allowance, the government can give another good news. If media reports are to be believed then the government is considering increasing the fitment factor. After the announcement of DA, a decision can also be taken on increasing the fitment factor. Modi government can increase the basic salary of government employees to Rs 26000 before the elections.
There may be revision in the rates of fitment factor
The fitment factor of central employees is 2.57 per cent and salary is given on this basis. Employees associations have been demanding to increase it for a long time. In such a situation, it is expected that keeping in mind the increasing demand for old pension, DA arrears and the upcoming Lok Sabha elections, the Modi government will consider increasing the fitment factor. The fitment factor of central employees can be increased from 2.57 to 3.00 per cent or 3.68 per cent. This can be implemented from the year 2026 but because the Lok Sabha elections are to be held in 2024.
The last increase was in 2016
With the increase in fitment factor, the basic pay of the employees will increase from Rs 18,000 to Rs 26,000. That is, there will be an increase of up to Rs 8,000 in their minimum wages. This will benefit 52 lakh employees. Earlier, the government had increased the fitment factor in 2016 and from this year the 7th Pay Commission also came into effect.
Know whose salary will increase by how much?
If the Modi government revises the rates of fitment factor, then the salary of the employees will increase two and a half times. That is, the basic salary will increase from 18000 to 21000 or 26000 directly. This will benefit 50 lakh employees. If the basic salary of a central employee is Rs 18,000, then leaving allowances, his salary will be 18,000 X 2.57 = Rs 46,260. At 3.68 the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. there will be a gain of Rs 49,420 in salary. With 3 times the fitment factor, the salary will be Rs 21000 X 3 = Rs 63,000. If the fitment factor of the employees is increased, then the basic salary of Rs 15,500 can be increased to Rs 39,835.
