Earlier, the government had increased the fitment factor in 2016 and from this year 7th pay commission was also implemented and the minimum salary of the employees went from Rs.
Central Employee Salary Hike 2023: There is good news for central employees. After the release of the June AICPI index data by the Labor Department, the DA score has reached 46.24, in such a situation, a 4 percent increase in DA (42% to 46% DA Hike) is being considered for the next half-year. It is likely that the new The rates can be announced in September-October, due to which there will be a big jump in the salary of the employees. It is reported that after the announcement of DA, fitment factor increase may also be considered, before the elections, the government may increase the basic salary of the employees to 26000, although the official confirmation has not been made yet.
Revision of fitment factor rates possible
Actually, at present the fitment factor of central employees is 2.57 per cent and on this basis salary is given. Employees unions have been demanding to increase it for a long time, in such a situation, it is expected that in view of the increasing demand for old pension, DA arrears and keeping in mind the upcoming Lok Sabha elections, the Modi government will consider the fitment factor of central employees. It can be increased from 2.57 to 3.00 percent or 3.68 percent, it can be agreed to implement it from 2026, because the Lok Sabha elections are to be held in 2024.
The last increase was in 2016
With the increase in the fitment factor, the basic pay of the employees will increase from Rs 18,000 to Rs 26,000, which means their minimum pay will see an increase of up to Rs 8,000. 52 lakh workers will get its benefit. Earlier, the government had increased the fitment factor in 2016 and from this year 7th pay commission was also implemented and the minimum salary of the employees went from Rs.
Know whose salary will increase by how much
According to media reports, if the Modi government revises the rates of fitment factor, then the salary of the employees will increase by two and a half times, that is, the basic salary will increase from 18000 to 21000 or 26000 directly. This will benefit 50 lakh employees. If the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be Rs 18,000 X 2.57 = Rs 46,260. At 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) That is, there will be a benefit of Rs 49,420 in salary. With 3 times the fitment factor, the salary will be Rs 21000 X 3 = Rs 63,000. If the fitment factor of the employees is increased, then the basic salary of 15500 can be increased to Rs.39835. 15500*2.57 = Rs 39,835.
Increase in HRA possible along with DA, no consideration on 8th pay scale
According to media reports, apart from the dearness allowance, the central government may also increase the HRA (House Rent Allowance). The last HRA was increased by 25 per cent in July 2021. This time it is possible to increase by 3 percent. Here, there is no idea on the 8th Pay Commission at the moment, on July 25, in the Rajya Sabha, it was clarified by the government that there is no proposal under consideration for the formation of the 8th Pay Commission for the Central Government employees. . This was stated by Minister of State for Finance Pankaj Chowdhary in a written reply in the Rajya Sabha.
