Fitment Factor Changes: Under this update, the salary of more than 52 lakh central employees can be seen to increase soon. Earlier by the end of 2022, the government was expected to decide on the fitment factor. Let's know the complete details about it.
7th Pay Commission: Big update for the employees, this new year will happen after the budget, with this everyone hopes that this year will bring new happiness and prosperity for them. Yes, with the new ray of the new year, a big update is also coming for the central employees.
Under this update, the salary of more than 52 lakh central employees can be seen to increase soon. Earlier by the end of 2022, the government was expected to decide on the fitment factor.
But it got postponed due to some reason, now the new year can be a decision regarding this. The demand from the government to revise the Fitment Factor soon can be considered.
Several rounds of meetings have taken place regarding this
There has been a demand from the central employees for a long time to change the Fitment Factor. , sources claim that several rounds of meetings have been held regarding this.
According to the news, the government is planning to implement this before 2024 and it can be announced to be implemented in March 2023 after the budget. If this gets implemented from the side of the government, there will be a bumper jump in the salary of the central employees. At present, the government is focusing fully on making the budget populist.
The important role of fitment factor in salary
Let us tell you that the fitment factor has an important role in the salary of government employees. Changes in this affect the entire salary.
At present, central government employees get a salary according to the fitment factor of 2.57 percent. There has been a demand from central employees for a long time to increase it to 3.68 percent. The dearness allowance of central employees is also expected to be increased from 38 percent to 42 percent in March.
At present, the minimum salary of the employees is Rs 18,000. After the decision on the Fitment Factor, it will increase to Rs 26,000. No information has been given by the government regarding all this. According to the 2.57 percent fitment factor, now by adding other allowances to the basic salary of Rs.18000, we get Rs.18,000 X 2.57 = Rs.46260. But if it increases to 3.68 percent, then by adding other allowances to the employees, the salary will be 26000 X 3.68 = Rs 95680.
