Sunday, November 27, 2022

7th Pay Commission: Central Government Employees Get An Increased Salary

7th Pay Commission: There is almost a month left for the new year to begin. With the beginning of the year 2023, central employees are getting great news. The year-old wishes of lakhs of workers are likely to be fulfilled. Sources of the sister website Zee Business Hindi claim that work is going on on the file of fitment factor. But the decision on this is expected to come by the end of 2023. The increase in salary will be at the basic level.

How much is the fitment factor expected to increase?

With an increase of 4 percent in September, the dearness allowance of central employees has gone up to 38 percent. It will be extended further in January and July. But the central employees have been demanding for a long time an increase in the fitment factor under the 7th Pay Commission. Sources claim that the government is looking to finalize the issue in 2023, before the Lok Sabha elections. Currently, the minimum pay of central employees is Rs 18,000 with a fitment factor of 2.57 times. There has been a demand for a long time to increase it to 3.68 times. There is news that the government can triple the fitment factor by finding a middle way.

How much will the salary increase?

Even if the fitment factor is 3 times, there will be a significant increase in the salary. For example, for an employee whose basic salary is Rs 18,000, currently, his salary is 18,000 X 2.57 = Rs 46,260. But when the fitment factor is tripled, the basic pay will be Rs 21,000. At the same time, apart from allowances, the total salary will be 21000X3 i.e. Rs 63,000.

Apart from allowances, there are other allowances in the salary of central employees. Salary also includes provident fund and gratuity. EPF and gratuity of central employees are linked to basic pay and DA. This is why a different formula is applied to calculate their EPF and Gratuity. Allowances and other deductions are made from CTC.

Read More: PM Jan Dhan Yojana: Government is giving 10 thousand rupees to Jan Dhan account holder, apply immediately

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                  Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                  Click Here
🔥 Telegram Channel                   Click Here
🔥 Google News                  Click Here
🔥 Twitter                  Click Here


Please enter your comment!
Please enter your name here

Most Popular


7th pay commission Lottery for central employees in the year 2023! These 3 big decisions will be sealed

7th Pay Commission Latest News: The new year is bringing much good news for central employees. In the year 2023, the government can give its...

The biggest update on the next pay commission, what will the government do?

Update on 8th Pay Commission: At present, about 68 lakh central employees and 52 lakh pensioners are getting the benefits of salary under the...

7th Pay Commission Big news New rules issued regarding Provident Fund, employees will get benefit

7th Pay Commission: There is big news for central government employees. The government has made major changes in the rules related to retirement funds....

7th Pay Commission DA Hike: Bat-bat to Government Employees! DA hiked again from 1st August; Government has announced

DA Hike: In the month of August, the government is giving big relief to the employees. After increasing the dearness allowance by the Chhattisgarh...

8th Pay Commission: Salary of central employees will increase with the new formula! Finance Minister gave big information in Lok Sabha

8th Pay Commission: Good news is coming continuously for the central employees this month. There has also been a fresh update on the 8th...

Most Popular


* indicates required