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HomePersonal Finance7th Pay Commission latest news! Preparation for big announcement before Republic Day,...

7th Pay Commission latest news! Preparation for big announcement before Republic Day, salary of employees will be doubled

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New Delhi: 7th Pay Commission: Central employees are going to get great news. Before Republic Day i.e. January 26, a big decision can be taken regarding his salary. The central government can reach a conclusion regarding the demand of the central employees regarding the fitment factor for almost three years.


At the same time, the data for All India Consumer Price Index (AICPI) November has come. The index is 125.7. This means that there will be a direct increase of 2 percent in Dearness Allowance. At present, central employees are getting 31 percent dearness allowance. Announcement of DA hike is expected in January. That is, after this the employees will start getting 33 percent DA.

Central employees demanding for a long time
According to media reports, before increasing the DA, the government can take a decision regarding the fitment factor. Right now the fitment factor is 2.57, while the employees have been demanding it to be 3.68 for a long time. According to the news, before January 26, the central government can take a decision on this.

Minimum salary of employees will increase
According to reports, before January 26, the employee leaders will also meet the representatives of the government and demand to increase the fitment factor. If the government accepts this demand before January 26, then the minimum salary of the employees will increase before the Republic Day.


After the fitment factor is 3.68, the basic salary of the employees will become 26 thousand rupees. Right now, if your minimum salary is Rs 18 thousand, then excluding allowances, you will be getting Rs 46,260 (18,000 X 2.57 = 46,260) according to the 2.57 fitment factor.

If the fitment factor is 3.68, then your salary will be Rs 95,680 (26000X3.68 = 95,680). That is, your salary will be doubled. At the same time, the employees with the maximum salary will get more increase.

Know what is fitment factor
Right now the fitment factor is 2.57. While determining the salary, apart from the allowances like DA, TA, HRA etc., the basic salary of the employee is calculated by multiplying the fitment factor by 2.57.

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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