Employees will get another gift after DA! There will be a jump in salary up to 1 lakh, know the latest update on salary increase

0
998
Employees DA : Good news for lakhs of employees! Outstanding DA installment released, amount will be received at the rate of 6%, salary will increase in the account in June
Employees DA : Good news for lakhs of employees! Outstanding DA installment released, amount will be received at the rate of 6%, salary will increase in the account in June

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.

Central Government employees can get another good news after the gift of 4% dearness allowance. In the coming time, the fitment factor of the employees can be considered. At present the fitment factor of the employees is 2.57 percent and it can be increased to 3.68 percent. If this happens then the basic salary of the employees will increase from 18000 to 26000. With this decision, there will be a different increase in the salary of different levels of employees. 52 lakh employees will get its benefit. Here, before 2023, once again the discussions of the 8th pay scale have started.

- Advertisement -

According to media reports, before the upcoming elections, the Modi government can increase the fitment factor of central employees. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month. If agreed, then this will increase the basic salary by 8000 and the basic salary will increase from 18000 to 26000. A draft will also be prepared for this, which will be shared with the central government soon. More than 52 lakh employees will be benefited by this. However, there is no official confirmation or statement from the government yet.

According to media reports, before 2023, once again, discussions have started among the employee organizations regarding the 8th Pay Commission. When the Central Pay Commission will be constituted, questions are being asked from the employees’ unions to the government. However, during the last monsoon session, the government has made it clear that at present, it has no proposal under consideration to make the eighth pay commission. If it is implemented in future, then 68 lakh central government employees and 52 lakh pensioners will benefit directly from it. However, after the August figures of AICPI, an increase of up to 4 percent in DA is being considered again in 2023.

At present, the minimum wage limit has been kept at Rs 18,000. In this, the fitment factor in increment is 2.57 times, although the 7th Pay Commission has recommended to keep it to 3.68 times. If the recommendation is accepted, then the minimum salary of central employees will increase from Rs 18 thousand to Rs 26 thousand. Instead, the central government can implement an automatic increment system. In this, the salary increase of government employees can be like increment in private jobs. In this, if the DA is more than 50 percent, there will be automatic revision in the salary.

Why fitment factor is important
Actually, the fitment factor is considered to be an important role in deciding the basic salary of central employees. In the 7th Pay Commission, the salary of the employees is decided by the fitment factor. 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.

Salary will increase so much
For example, 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. If the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be 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.

So far 10 pay commissions have been constituted
Let us tell you that since 1947 till now 10 pay commissions have been constituted. The Central Government constitutes a new Pay Commission every 10 years, on the basis of its recommendations, the salary of central employees and pension of pensioners is increased. The Seventh Pay Commission was constituted by the UPA government on 24 February 2014. In 2006 and 2016, the Sixth and Seventh Pay Commission, which had recommended a big increase in the salary of central employees and accepting it, the government had also increased the salary, according to this, if we look at it, then the next Pay Commission i.e. 8th Pay Commission will be in the year 2026. may be applicable.

- Advertisement -