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HomePersonal Finance7th Pay Commission: Big update on fitment factor, minimum basic salary of...

7th Pay Commission: Big update on fitment factor, minimum basic salary of government employees will increase, know when

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The government may soon give its approval on increasing the fitment factor. The government has recently increased the DA from 31 percent to 34 percent, after which the expectations of increasing the minimum basic pay have increased.



7th Pay Commission latest update: Central government employees have been under pressure on the government for a long time. It is coming in many media reports that the government may soon give its approval to increase the fitment factor. The government has recently increased the DA from 31 percent to 34 percent, after which the expectations of increasing the minimum basic pay have increased more. Central government employees’ unions have been demanding for a long time to increase the minimum wage from Rs 18,000 to Rs 26,000 and increase the fitment factor from 2.57 times to 3.68 times.

Government can increase the fitment factor

If the government announces an increase in the fitment factor of central employees, then their salary will increase. At present, the employees are getting salary under fitment factor on the basis of 2.57 percent, which is increased to 3.68 percent, then the minimum wage of the employees will increase by Rs 8,000. This means that the minimum wage for central government employees will increase from Rs 18,000 to Rs 26,000. At present, the minimum basic pay is Rs 18,000, which has to be increased to Rs 26000.

Salary will increase so much

If the fitment factor is increased to 3.68 per cent, the basic pay of the employees will be Rs 26,000. Right now if your minimum salary is Rs 18,000, then excluding allowances, you will get Rs 46,260 (18,000 X 2.57 = 46,260) as per 2.57 fitment factor. Now if the fitment factor is 3.68 then your salary will be Rs 95,680 (26000X3.68 = 95,680).

Earlier this was the basic salary

The Union Cabinet had in June 2017 approved the recommendations of the Seventh Pay Commission with 34 amendments. The entry level basic pay was increased from Rs 7,000 per month to Rs 18,000, while the highest level i.e. secretary was increased from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary was Rs 56,100.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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