Thursday, December 12, 2024
Google search engine
HomeBusiness8th Pay Commission: What will be the basic salary in the 8th...

8th Pay Commission: What will be the basic salary in the 8th Pay Commission? Know the full details here

Big good news may soon be received for more than one crore central government employees and pensioners of the country. There is a possibility of increase in the basic salary of the employees.

The government is preparing to form the Eighth Pay Commission. It is being said that the 8th Pay Commission is to be implemented from January 2026. In such a situation, the question arises that if the 8th Pay Commission is formed and recommends increasing the salary and pension, then how much will the salary of central employees increase.

WhatsApp Channel Join Now
Telegram Group Join Now
Instagram Group Follow Now

The 7th Pay Commission was implemented in January 2016. The 7th Commission will end in 2026. After this commission, the demand for the implementation of a high pay commission has increased. It is believed that the government may announce the 8th Pay Commission in the general budget to be presented on February 1, 2025.

What will be the basic salary in the 8th pay commission

According to media reports, the basic salary of central employees can increase to at least Rs 34500. There is a possibility of an increase of up to 186 percent. The government has been asked to recommend a 2.86 times salary hike under the new pay commission. It will be based on the fitment factor of 2.86.

The salary of government employees and the pension of retired employees are made through the fitment factor. Employees believe that salary hike is very important to reduce the rising cost of living due to inflation. A fitment factor of 2.57 was used under the 7th Pay Commission. Due to which the minimum salary increased from Rs 7000 to Rs 18000. At present, central employees get salary according to the fitment factor of 2.57.

There is a bumper increase in pension as well

With the implementation of the 8th Pay Commission, there will be a huge increase in pension like salary. Currently, the minimum pension is Rs 9000, which will increase to Rs 25,740 according to the fitment factor of 2.86. Keep in mind that this calculation is only for the minimum basic salary and pension. Along with the basic salary, employees will also get the benefit of dearness allowance i.e. DA. This will lead to a huge increase in the in-hand salary.

Jyoti
Jyoti
Jyoti, has 2 years of experience in writing Technology Content, Entertainment news and more. He has done BA in English. He loves to read books in free time. In case of any complain or feedback, please contact me @themoneyplans.com@gmail.com
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments