According to media reports, before the end of 2023, the Modi government may take a major decision on increasing the fitment factor. With this, the basic salary can increase from ₹ 18000 to 21000 or 26000. 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.
Central Employee Salary Hike 2023: Before the upcoming elections, central employees and pensioners can get a good news. It is reported that apart from the increase in dearness allowance in July, the Modi government may also revise the rates of fitment factor. If this happens, the basic salary of the employees will increase from 18000 to 26000 and 52 lakh workers will get its benefit. However, no official confirmation has been made regarding this, nor has any statement come out from the government.
Basic salary can be 26000
Actually, at present the fitment factor is 2.57 times and for a long time the central employees have been demanding to increase it to 3.68 percent, in such a situation it is expected that this demand of the employees can be considered before the upcoming elections. According to media reports, before the end of 2023, the Modi government may take a major decision on increasing the fitment factor. With this, the basic salary can increase from ₹ 18000 to 21000 or 26000. 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.
The last time the fitment factor was increased in 2016
Please tell that the fitment factor was increased in 2016 and only then the Seventh Pay Commission was also implemented. After this, the minimum salary of the employees was increased from ₹ 6000 to ₹ 18000. 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.
How much salary will increase
- 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 present, an employee of grade pay of Rs 4200 gets Rs 15,500 as basic salary. Thus the total salary of the central employee will be Rs.15,500X2.57 or Rs.39,835.
- 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.
