When the 7th Pay Commission was implemented, the minimum salary of the employees was Rs 6000, but after that the fitment factor was revised in 2016, the minimum salary became Rs 18000. At present the fitment factor is 2.57 times, which is being demanded to be increased from 3.00 to 3.69 percent, so that the minimum salary of the employees will be increased from Rs.21000 to Rs.26000.
Central Employee Salary Hike: Central employees and pensioners can get a good news before the upcoming elections. According to media reports, before the upcoming elections, Modi Government of the Center may revise the rates of fitment factor. Since for a long time the employees have been demanding to increase the fitment factor from 2.57 to 3.68 per cent, there is a possibility that this demand may be considered soon. If this happens then the basic salary of the employees will be 26000 and 52 lakh workers will get its benefit. However, official confirmation is yet to be made.
Revision of fitment factor rates possible
In fact, when the 7th Pay Commission was implemented, the minimum salary of the employees was Rs 6000, but after that the fitment factor was revised in 2016, the minimum salary became Rs 18000. At present the fitment factor is 2.57 times, which is being demanded to be increased from 3.00 to 3.69 percent, so that the minimum salary of the employees will be increased from Rs.21000 to Rs.26000.
According to media reports, before the upcoming elections, the Modi government may take a decision on increasing the fitment factor. Since elections are to be held in 2024, the fitment factor can be implemented from 2026, which will increase the salary by two and a half times. Although the official confirmation is yet to be done, till now no statement has come from the government in this regard.
Salary will increase from 46000 to 96000
The fitment factor under the 7th Pay Commission is fixed at 2.57 times, which means that when the fitment factor increases, the salary will also increase, because allowances like dearness allowance, traveling allowance, house rent allowance, basic salary multiplied by the fitment factor, the total salary is arrived at.
She goes. For example, if the basic salary of an employee is Rs 18,000, then his salary excluding allowances 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, profit of 49,420). On 3 times the salary will be 21000 X 3 = Rs 63,000.
