At present the fitment factor of the employees is 2.57% and they have been demanding for a long time to increase it to 3.00% or 3.68%, there is a possibility that the Modi government may consider the fitment factor of the employees keeping in mind the upcoming Lok Sabha elections. Is.
Central Employee Salary Hike 2023: Central employees and pensioners can get a gift of 3% dearness allowance after Rakshabandhan. It is reported that after the figures of the AICPI index, the Modi government at the center may announce an increase in the dearness allowance of the central employees next month. The new rates will be applicable from July, in which case arrears can also be given. This will benefit around 47.58 lakh employees and around 69.76 lakh pensioners, though official confirmation is yet to be done.
3% DA hike proposal may come in cabinet soon
According to media reports, the central employees may soon get the benefit of 45% dearness allowance. At present the employees are getting the benefit of 42% DA, if there is another 3% increase then DA may increase to 45%. If the basic salary of an employee is Rs 18,000, then according to 45% DA, the salary will increase by about Rs 10,000. It is reported that in September, the Department of Expenditure of the Union Finance Ministry will prepare a proposal for the increase in DA and will send it to Prime Minister Modi for final approval. Can be kept in the cabinet meeting to be chaired and after getting approval from here, orders will be issued by the Finance Ministry.
How much will the salary increase at 45% DA/DR?
For example, if the basic salary of a government employee is Rs 18000, then on this he gets DA of 42% i.e. Rs 7560 and when it is 46%, it will be Rs 8280 per month, according to which the salary will increase by Rs 720 every month. .
If someone’s salary is Rs 56,900, then he will get a benefit of Rs 2,276 every month and Rs 27,312 annually. If someone gets a basic pension of Rs 30,000 a month, then he gets Rs 44,400 as dearness relief.
After 4% DR hike, this money will increase to Rs 42,600, which means pension will increase by Rs 800 every month.
Possible increase in house rent allowance
- According to media reports, apart from the dearness allowance, the central government may also increase the HRA. The last HRA was increased by 25 per cent in July 2021. This time it is possible to increase by 3%.
- Since the HRA of a government employee is increased on the basis of the city, it is placed in X, Y, and Z categories.
- At present, Z class employees get 9, Y 18 and X 27% HRA on their basic salary.
- It is believed that HRA can be increased by 3% in X class cities and only 2% in Y class cities and 1% in Z class.
2.5 times increase in minimum basic pay may also be considered
- Central employees can also get the gift of increase in fitment factor in the election year. There can be a two and a half times increase in the salary of the employees. Since the present fitment factor of the employees is 2.57% and they have been demanding for a long time to increase it to 3.00% or 3.68%, there is a possibility that the Modi government may consider the fitment factor of the employees keeping the upcoming Lok Sabha elections in mind. Lok Sabha elections are to be held in 2024, in such a situation, it can be agreed to implement it from 2026. However, official confirmation has not been done yet.
- Earlier, the government had increased the fitment factor in 2016 and from this year 7th pay commission was also implemented. And the minimum salary of the employees was directly increased from Rs 6000 to Rs 18,000 and now if it increases then the basic salary will be 26000.
- In other words, if the rates of fitment factor are revised, the salary of the employees will increase by two and a half times. If the basic salary of the employee is Rs 18,000, then excluding allowances his salary will be 18,000 X 2.57 = Rs 46,260. On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. there will be a profit of Rs 49,420 in salary. With 3 times the fitment factor, the salary will be 21000 X 3 = Rs 63,000.
