Central employees recently got the gift of 4% dearness allowance. Now many gifts are waiting for him in the coming days. One of these is the fitment factor. The government can also increase it till next year.
The stir has started regarding this. An update has come regarding the fitment factor of government employees that the government will review it, may decide to extend it till next year. With this, there will be a tremendous increase in the basic salary of the employees.
There may be a big announcement on fitment next year-
According to sources, there will be no hike in the fitment factor in the year 2023. But, in the year 2024 it can be reviewed and increased. However, so far no clear information has been given by the government regarding this. The Expenditure Department will brainstorm on this now.
Also the recommendations can be sent to the Finance Ministry. At the same time, a new Pay Commission may also be formed next year. In such a situation, a decision on the fitment factor is also possible at that time. If sources are to be believed, it is not possible to take any decision on the fitment factor till the next Pay Commission. It is also difficult to say when the next pay commission will come. But, the government is trying to revise the salary of central employees next year.
Why is there a demand to increase the Fitment Factor?
Fitment Factor is considered very important for central employees. On the basis of this, it is decided that how much the minimum salary (Basic Salary) of the employees will increase. According to the recommendations of the 7th Pay Commission, in addition to allowances in the salary of central employees, the basic salary increases only by the fitment factor.
Last time due to increase in the fitment factor, there was an increase of more than two and a half times in the salary of central employees. But, there was a demand of the employees that the fitment factor should be further increased. This can lead to a good increase in their basic salary. The government is currently in no mood on this.
What is Fitment Factor?
According to the recommendations of the 7th Pay Commission, at present the fitment factor is 2.57. The basic salary of central employees is calculated by multiplying the fitment factor of 7th Pay Commission latest update by 2.57. After the implementation of the 7th Pay Commission, the basic pay was made by adding Grade Pay to the Pay Band of the 6th Pay Commission. In this, the salary of the current entry level was calculated by multiplying the fitment factor by 2.57, from which the salary was prepared according to the pay band of the employees.
For example-
6th CPC Pay Band: PB 1
Grade Pay: Rs 1800
Current Entry Pay: Rs 7000
Entry Pay after applying fitment factor under 7th Pay Commission: 7000 x 2.57 = Rs 18,000.
What if the fitment factor is 3 times?
6th CPC Pay Band: PB 1
Grade Pay: Rs 1800
Current Entry Pay: Rs 7000
Entry Pay after applying fitment factor under 7th Pay Commission: Rs 7000 x 3 = Rs 21,000.
How much will there be a jump in salary?
Central employees are getting 2.57 fitment factor in the current system. Based on this, the minimum salary (Fitment factor Basic Salary) is Rs.18000. If it is increased to 3 then the basic salary will be Rs.21000. On the other hand, if it can be increased to 3.68, then the salary will be Rs 25,760. The demand of the employees is that their fitment factor should be increased to 3.68. The minimum salary should be kept at Rs 26000.
