There is good news for 52 lakh central government employees. The latest update on the fitment factor has surfaced. According to media reports, the Modi government can take a decision on the fitment factor of central employees before Navratri.
The fitment factor can be increased from 2.57 percent to 3.68 percent. According to the latest media reports, in the festive season, the central employees can get the gift of fitment factor along with dearness allowance. The fitment factor can be announced along with the DA in the month of September. It is believed that a draft will also be prepared for this, which will be shared with the central government soon. After the discussion in detail in the meeting of the same union and government, it can be decided in September.
There is a possibility that the fitment factor can be increased from 2.57 per cent to 3.68 per cent. If agreed, it can be implemented from September 1, 2022. This will increase the basic salary by 8000, it will increase from 18000 to 26000. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month. With its implementation, the minimum salary of central employees from Level Matrix 1 will start from Rs 26,000. However, there has been no confirmation from the government yet.
Why fitment factor is important
In the 7th Pay Commission, the salary of central employees is decided by the fitment factor.
The fitment factor is considered to play an important role in deciding the basic salary of central employees.
Due to this factor, the salary of central employees increases by more than two and a half times.
Based on the fitment factor, the revised basic pay is calculated from the old basic pay.
The fitment factor is an important recommendation in the last Pay Commission report, on the basis of which the pay hike will be decided.
how much will the salary increase
At present the fitment factor of central employees is 2.57 times, on this basis the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900.
For example, if the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be Rs 18,000 X 2.57 = profit of Rs 46,260.
On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 will be benefited in the salary.
