There will be a big increase in the salary of the employees. It is being prepared by the government. If media reports are to be believed, soon there will be an increase in the minimum wages of the employees. Whose employees will be benefited.
7th Pay Commission: There is good news for the employees of the Center. Actually, they can get the benefit of a bumper increase in salary. It is being claimed in the report that the government may soon take a big decision on the salary hike of the employees. If this happens, there will be a one-time increase in the salary of the employees. The beginning of the year is bringing good times for the employees. According to media reports, the central government may revise the fitment factor of the employees in this budget.
At present, no official confirmation has been made but the Union of Central Government Employees has been continuously demanding to increase the minimum wage from Rs.18000 to Rs.26000. At present the fitment factor is 2.57, which can be increased to 3.68 times. If this happens then the minimum wages of the employees will increase from Rs 18000 to Rs 26000. Their minimum pay will see a one-time increase of Rs 8000.
This will be the calculation
According to the calculation, if your minimum salary is Rs 18000, then excluding other allowances, you are getting Rs 46260 according to 2.57. On the other hand, if the fitment factor increases to 3.68, then the basic salary will also be Rs.26,000. In such a situation, there will be a big increase in the salary of the employees. If Rs 26000 is compounded at 3.68, the employees will get a profit of Rs 95680.
Fitment factor can increase so much
According to media reports, the central government can take a big decision on the fitment factor in the budget. The demand to increase it to 3.68 times is being made by the employees union. Although it can be increased up to 3 times by the government. After which, if all the allowances are left out, with the minimum basic salary of Rs.21000 tripled, the employees will get the benefit of increment of Rs.63000.