A big update has come out on the new pay commission of the employees. Their dearness allowance has been increased by 4 percent. Arrears of 3 months will also be paid. Along with this, an increase of 3 percent in the dearness allowance of the employees can be seen in July 2023. Along with this, a bumper increase will be seen in the salary of the employees. Preparations are being made to increase the minimum basic salary.
7th Pay Commission, Employees Fitment Factor: There is good news for the employees. His dearness allowance has been increased by 4 percent. Preparations are being made to increase his salary soon. Meanwhile, this news is about the 8th Pay Commission. According to the information, soon the central government can set up a new pay commission. In the event of this happening, there will be a bumper increase in the salary of the employees.
Central employees have been demanding an increase in salary for a long time. Meanwhile, preparations are being made to increase the fitment factor as well. The present fitment factor is 2.5 times whereas it is being demanded to be increased to 3.68 times, if this happens then the minimum wage of the employees will see an increase of ₹8000. The minimum pay will increase from Rs 18000 to Rs 26000.
4 percent increase in dearness allowance
Recently, dearness allowance has been increased by 4 percent. After which the dearness allowance of central employees has increased from 38 years to 42 percent. At the same time, in July 2023, an increase of 3 percent can be seen in their dearness allowance. According to AICPI data, their dearness allowance can be increased to 45 percent.
Salary automatic revision after 50 percent dearness allowance
However, after 50 percent dearness allowance, the salary automatically gets revised. According to the information received, general elections are going to be held. In view of which work can be done on the new pay commission. On the other hand, preparations are being made for the agitation regarding the new pay commission by the employees’ union.
This will be the calculation
Explain that under the Sixth Pay Commission, an increase in the salary of the employees was seen. Their fitment factor was increased by 1.8 times. The same minimum wage was fixed at Rs.7000. Under the Seventh Pay Commission, the fitment factor of the employees was increased to 2.57 times. At the same time, his salary was increased at the rate of 14.2 percent. His minimum salary was Rs 18000.
While the fitment factor of the employees can be increased at the rate of 3.68 times under the 8th Pay Commission. Along with this, an increase of 44.44% can be seen in the salary of the employees. At the same time, his salary can be up to Rs.26000. Although the employees are demanding that their fitment factor should be increased by an increase of 30.68 times while the government is preparing that the fitment factor may be increased up to 3 times. If this happens then it is possible to increase the minimum salary of the employees.
Formation of new pay commission
If sources are to be believed, the government may set up a new pay commission by the end of the year 2024. Although it can be implemented from 2026. The biggest increase will be seen in the salary of central employees after the formation of the new pay commission. In comparison to the Seventh Pay Commission, a lot of changes will be possible in the salary structure.
