7th Pay Commission: The new year has begun, and everyone is hoping that it would bring them new happiness and riches. Yes, a significant change is also planned for the central personnel with the new year. More than 52 lakh central employees’ salaries are expected to improve soon as a result of this change.

Previously, the government was supposed to decide on the fitting factor by the end of 2022. But for whatever reason, it was delayed; now, the new year can decide on this. It is acceptable to accept the government’s request for a swift revision of the fitting factor under 7th Pay Commission.

There have been many meetings addressing this.

In fact, changing the fitting factor has long been demanded by the central staff. According to reports, there have allegedly been numerous discussions about this. According to the news, the government intends to put this into effect before 2024, and it may be declared to go into effect in March 2023 following the budget. If this is implemented by the government, the salaries of the central employees will increase dramatically. The government is currently putting all of its efforts into popularizing the budget.

Fitment has a big part in compensation.

Let us inform you that the fitting element plays a significant part in determining the pay of government personnel. The overall compensation is impacted by changes to this. Employees in the central government currently get pay based on a 2.57 percent fitment factor. The central employees have been calling for a hike to 3.68 percent for a very long time. Additionally, it is anticipated that in March, the dearness allowance for central personnel would grow from 38 to 42 percent.

Currently, employees are paid a minimum of Rs 18,000 per month.

It would rise to Rs 26,000 once the fitment factor decision has been made. The administration has not provided any information regarding this. We now multiply the base income of Rs. 18000 by the fitment ratio of 2.57 percent to arrive at Rs. 18000 X 2.57 = Rs. 46260. However, if it rises to 3.68 percent, the income will be 26000 X 3.68 = Rs 95680 after taking other employee benefits into account.

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