At present, the fitment factor of central employees is 2.57% and dearness allowance is 42%, currently salaries are being given on this basis under the 7th Pay Commission. It is likely that the fitment factor under the 7th Pay Commission will be increased to 2.57 in view of the upcoming elections. Can be increased from 3.00 percent or up to 3.68 percent.
Central Employee Salary Hike 2023: After 4 percent increase, the dearness allowance of central employees has reached 42 percent, which will be effective till June. The next DA hike will be in July, after which DA is likely to go up to 46%, but before that there is good news for employees.
According to media reports, in view of the upcoming elections, the Modi government may take a decision on increasing the fitment factor or may decide on a new formula to increase the salary of the employees. However, no official statement has come out in this regard yet. Is.
In fact, at present the fitment factor of the central employees is 2.57 per cent and the dearness allowance is 42 per cent, currently salaries are being given on this basis under the 7th Pay Commission. It is likely that in view of the upcoming elections, the fitment factor under the 7th Pay Commission Can be increased from 2.57 to 3.00 percent or 3.68 percent. The fitment factor can be increased in 2024 based on the recommendations of the 7th Pay Commission. Since elections are due in 2024, the fitment factor can be implemented from 2026. This will benefit more than 50 lakh employees.
Fitment factor was increased in 2016, considering new formula is also possible
- Earlier, the central government had increased the fitment factor in 2016 and from this year the 7th pay commission was also implemented and the minimum salary of the employees was directly increased from Rs 6000 to Rs 18,000 and now if Modi government increases the fitment factor rates If the revision is done, the salary of the employees will increase by two and a half times, that is, the basic salary will increase from 18000 to 21000 or 26000 directly.
- According to media reports, the employees have been demanding to increase it for a long time, there is a possibility that the Department of Expenditure will consider the demands of the employees and the recommendations given on the basis of review can be sent to the Finance Ministry. The decision on the same fitment factor can be taken at the time of formation of the new pay commission next year.
- It is also discussed that the government may bring a new formula to increase the salary by not bringing the 8th Pay Commission after the 7th Pay Commission. Due to this, the salary of government employees will automatically increase after a time interval. This can be an ‘automatic pay revision system’, in which there will be automatic revision in salary if DA is more than 50 percent. If this happens, 68 lakh central government employees and 52 lakh pensioners will get its direct benefit.
Salary will increase up to 96000
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. If the fitment factor is 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) ie, there will be a profit of Rs 49,420 in salary. With 3 times the fitment factor, the salary will be 21000 X 3 = Rs 63,000. If the fitment factor of the employees is increased, then the basic salary of 15500 can be increased to Rs.39835. 15500*2.57 = Rs 39,835.
