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7th Pay Commission: Minimum pay to be hiked to Rs 26,000? Big decision on fitment factor soon
Zee News
7th Pay Commission fitment factor hike: The Central cabinet could soon take a decision on increasing the basic salary to Rs 26,000.
New Delhi: In what could be a big 7th Pay Commission's latest update, the Central cabinet could soon take a decision on increasing the basic salary to Rs 26,000, according to media reports. Lakhs of central government employees have long been pressing for the demand to hike the fitment factor. If the government increases the fitment factor, the salaries of the Central government will also hike accordingly. However, the government hasn’t taken any decision on the same yet. Currently, the minimum pay for Central government employees is Rs 18,000. With the hike in fitment factor, it could increase to Rs 26,000.
However, for such an impressive hike to happen, the Central government will have to increase the fitment factor from 2.57 times to 3.68 times.
Here’s the Fitment Factor Calculation:
If the Central government increases the fitment factor to 3.68, the basic salary of the employees will become Rs 26,000. For instance, if the government employee’s minimum salary is Rs 18,000, then excluding allowances, the minimum salary will be Rs 46,260 (18,000 X 2.57 = 46,260), according to the 2.57 fitment factor.
However, if the fitment factor is 3.68, then the salary will increase to Rs 95,680 (26000X3.68 = 95,680).