It is estimated that the fitment factor may increase by 1.1 percent. It can be announced in 2023-24 and can be implemented from 2026 when the new government is formed.
With this, the minimum basic salary of the employees will increase from Rs 18,000 to Rs 26,000. The pay matrix prepared in the 7th Pay Commission is based on the fitment factor, therefore the fitment factor is considered to play an important role in the salary received by the employees.
Central Employee salary Hike 2023: On the one hand, in the survey report of professional service company Aon PLC, there is a possibility of more than 10 percent increase in the salary of private company employees, on the other hand, before the upcoming elections, Government employees will also get a gift. Discussions are intense. According to media reports, in the coming festive season, the benefit of 4 percent dearness allowance to central employees, increase in fitment factor and decision on 8th Pay Commission is likely to be taken. However, official confirmation is yet to be made.
There may be an increase of 1.1 percent
According to media reports, there may be a consideration to increase the fitment factor of central employees after Holi. For a long time the employees of the center have been demanding to increase the fitment factor so that the basic salary can be increased.
It is estimated that the fitment factor may increase by 1.1 percent. It can be announced in 2023-24 and can be implemented from 2026 when the new government is formed. With this, the minimum basic salary of the employees will increase from Rs 18000 to Rs 26000.
Actually, at present the fitment factor of central employees is 2.57 percent and the basic salary is 18000. Which is applicable since 2016, it is expected that in view of the upcoming elections, it can be increased to 3.00 or 3.68 percent in 2023.
This will increase the salary of the employees by two and a half times i.e. The basic salary will increase from 18000 to 21000 or 26000. It will benefit 53 lakh employees.
That’s why demand is rising
- The fitment factor is considered a major parameter for fixing the minimum salary of central employees.
- Due to this factor, the salary of central employees increases by more than two and a half times.
- The Pay matrix prepared in the 7th Pay Commission is based on the Fitment factor, therefore the Fitment factor is considered to play an important role in the salary received by the employees.
- In addition to the allowances of the employee, it is decided on the basis of their basic salary and fitment factor.
Will the 8th Pay Commission come?
At present, no proposal has been presented by the Central Government regarding the 8th Pay Commission, but if sources are to be believed, the Modi government may present the 8th Pay Commission in the year 2024 and it will be implemented in the year 2026 to help the employees before the upcoming elections. can be applied in There may also be some changes in the 8th Pay Commission as compared to the 7th Pay Commission. With this, the employees of the 6th Pay Commission will get more benefits in salary. This can increase the salary of the employees by more than 44 percent. Salary can be reviewed under the same Fitment Factor or any other formula.
Know whose salary will increase by how much
- If the Modi government at the center increases the fitment factor from 2.57 to 3.68 percent, then employees of different levels will get salary benefits from 49000 to 96000.
For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260. - At 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. a benefit of Rs 49,420 in salary. This will benefit more than 52 lakh employees.
(These figures are shown as an example, there can be changes in it.)
