What Is Fitment Factor?

Juliet D'cruz

Updated on:

What Is Fitment Factor

Are you curious to know what is fitment factor? You have come to the right place as I am going to tell you everything about fitment factor in a very simple explanation. Without further discussion let’s begin to know what is fitment factor?

The fitment factor is a term commonly used in the context of government jobs in India. In this blog, we will explore what the fitment factor is, how it is calculated, and its significance in determining the salaries of government employees.

What Is Fitment Factor?

The fitment factor is a term used to describe a multiplier that is applied to the basic pay of government employees when their salaries are revised. It is a factor that is used to determine the new salary of an employee after a pay commission has been made revisions to the salary structure. The fitment factor is also used to calculate the salaries of new employees who are joining the government service.

How Is Fitment Factor Calculated?

The fitment factor is calculated by taking into consideration the existing basic pay of government employees and the new pay structure proposed by the pay commission. The fitment factor is calculated based on the increase in the cost of living index and the inflation rate. It is calculated as a percentage of the existing basic pay, which is then added to the revised basic pay.

Significance Of Fitment Factor:

The fitment factor is significant in determining the salaries of government employees. It ensures that the salaries of government employees are revised in accordance with the prevailing economic conditions and the cost of living index. The fitment factor ensures that the new salary structure is fair and equitable and takes into consideration the contributions of employees towards the growth and development of the country.

Conclusion:

The fitment factor is a term used to describe a multiplier that is applied to the basic pay of government employees when their salaries are revised. It is calculated based on the increase in the cost of living index and the inflation rate. The fitment factor is significant in determining the salaries of government employees and ensures that the new salary structure is fair and equitable. As an employee in the government service in India, it is important to understand the concept of the fitment factor and its significance in determining your salary.

FAQ

What Is The Fitment Factor For Salary?

The common fitment factor currently stands at 2.57 per cent. It means that if somebody, let’s say, gets a basic pay of Rs 15,500 in 4200 Grade Pay, his total pay will be Rs 15,500×2.57 or Rs 39,835. The 6th CPC had recommended the fitment ratio at 1.86.0

What Is Fitment Factor Now?

At present, the common fitment factor is at 2.57%, which means that a person who receives Rs 15,500 in 4200 Grade Pay, would get a total pay of Rs 39, 835, by multiplying (Rs 15,500 x 2.57) as per 6th Central Pay Commission.

Is Govt Going To Increase The Fitment Factor?

According to the report, there have been several discussions about increasing the fitment factor and the government intends to implement the hike before 2024. It is anticipated to be officially announced in March 2023, after the Holi festivities. Presently, the common fitment factor is 2.57%.

What Is The Fitment Factor For The Budget For 2023?

At present, the fitment factor is being given to central employees at the rate of 2.57 per cent. There is a demand to increase it to 3.68 times. With the increase in fitment factor from 2.57 to 3.68, the minimum basic pay will increase from Rs 18,000 to Rs 26,000.

 

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