The Central Government employees (7th pay commission) will have a fantastic new fiscal year. By eliminating the pay commission in the upcoming year, the government is taking a step toward putting a new formula into place.
7th Pay Commission, the administration has published a statement
regarding the January DA increase for central employees. The additional DA will be included in the March salary. The start of the new fiscal year is just a few days away. Together with this (7th Pay Commission), the conversation over changing the employees’ basic pay has begun. In other words, the next fiscal year will be fantastic for those working for the federal government. By eliminating the pay commission in the upcoming year, the government is taking a step toward putting a new formula into place.
Fitment factor change anticipated
It is anticipated that this adjustment will affect how well-suited the staff are. As a result, there may be a significant increase in the employees’ salaries. The revision of their fitting factor has long been demanded by central personnel. According to sources, the government can raise the fitment factor by revising it at the start of the next fiscal year. Government personnel currently have a relevant factor of 2.57 times.
7th Pay Commission, the pay will increase by 8000 rupees.
Regarding the shift in the fitting factor for central staff, there are two perspectives. According to the first party, the fitting factor ought to be raised from the current 2.57 times to 3 times. As a result, the employee’s basic pay will rise by around Rs. 3000. The opposing argument asserts that the fitting factor should be 3.68 times in accordance with the 7th Pay Commission’s recommendations. The employees’ salaries will vary as a result, by roughly 8000 rupees.
The salary will rise significantly and in this way.
The current base pay for central staff is Rs 18,000 per month. It would rise to Rs 26,000 once the fitment factor decision is made. Unfortunately, the government hasn’t released any formal information on this. According to the current fitment factor of 2.57 times and the base income of Rs. 18000 (excluding additional benefits), Rs. 18000 X 2.57 is Rs. Nevertheless, if it is raised to 3.68, the employee’s compensation, exclusive of other benefits, will be 26000 X 3.68, or Rs 95680.
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