Fitment Factor update: There is great news for the central employees. Employees can get great news regarding the fitment factor. In fact, due to the increase in the fitment factor, the minimum salary of central employees increases. Let’s know the latest updates.
7th Pay Commission Fitment Factor update: There is great news for central employees. The government can take a decision on the fitment factor this month. This will increase the minimum basic salary of the employees. A draft will be prepared for this, which will be shared with the government. According to our partner website Zee Business, after submitting the draft, a meeting on this issue can be held by the end of this month. Union has given a new update. If this is agreed, then the basic salary of more than 52 lakh central employees can be increased under the fitment factor.
Bumper salary of employees will increase
New dearness allowance is going to be implemented for central employees. Actually, according to the AICPI data, there may be an increase of 4 to 5% in dearness allowance this month i.e. 38 to 39 percent DA. So far, the numbers of the AICPI index till July have come. Meanwhile, if the government agrees on the fitment factor, then the salary and pension of central employees and pensioners will increase. Meanwhile, 8th Pay Commission is also being demanded by the union, but Pankaj Choudhary has categorically denied it.
Increase in minimum basic salary
Let us tell you that in the 7th Pay Commission, the salary of central employees is decided by the fitment factor. If the fitment factor increases, then the minimum salary of central employees will increase. Let us tell you that due to this formula, the salary of central employees increased by more than two and a half times. At present, the fitment factor of the employees is at the rate of 2.57 times. On this basis, the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900.
