Big good news for employees. Actually, let us tell you that under the recommendations of the 8th Pay Commission, a big increase is expected in the basic salary of the employees. Based on this, the basic salary of the employees is expected to increase to a huge range of Rs. 18,000 to Rs. 51,451… To know the complete information related to this update, read this news completely-.
Increase from Rs.18, 000 to Rs.51,451
Central employees should really watch out for this piece of news. Under the recommendations of the 8th Pay Commission, a major upward revision is likely to be taken to raise the basic pay of the employees. By this pattern, the basic pay could increase from Rs.18, 000 to Rs.51,451. Considering the way the salary will be calculated on the fitment factor of 8th Pay Commission (8th pay commission salary calculation) would mean that employees’ salaries have grown quite significantly.
Considering that the recommendations by the Seventh Pay Commission are being implemented, it is facilitating employees to enlist salary and allowances. The present commission increased salaries of employees almost thrice from 7000 minimum to about 18000 basic. For the increase, 2.57 fitment factor applied.
The conclusions expected from the Eighth Pay Commission are also bumper increases to employees who have been awaiting an increase. This new commission is also meant to strengthen the economy of employees for improving quality life. Improvements must be within allowances by this.
Fitment Factor brings Amendment-
Different laws and different rules are established by the Central Government for their employees after intervals of time. Amendment for such calculation factor salary, house rent allowances and pension, etc. of employees is done as per Fitment Factor.
An increase in fitment factor for demand –
-Said – Secretary Council National Joint consultative Machinery, who called for increase in the fitment factor taking note of inflation. While central workers are pinning hopes for the pay hike, the employees wait for the 8-th Pay Commission announcing the same.
Mathematics multiplying with the fitment factor
- The government adjusts the salary as well as the pension of the employee with inflation and time. Simply put, payment is normally increased as necessary. The fitment factor thus acts like a coefficient to amend the salary.
The 7th Pay Commission suggested a fitment factor of 2.57, causing drastic increases in the basic salary from 7000 to about Rs 18000. Today, employees expect the same increase in the fitment factor as per the 8th Pay Commission. Experts suggest that the fitment factor should, this time, be kept at 2.86. If this proposal is implemented, it will result in converting the basic salary directly from Rs 18,000 to Rs 51,451 per month.
34 to 35 thousand salary increment for employees
A huge increase in the salary is anticipated with respect to the 8th Pay Commission as the fitment factor of 2.86 if validated can directly take the basic salary to Rs 51,451, from Rs 18,000. Going by this, employees will be getting an increment of Rs 34,000 to Rs 35,000. This will be a great change as far as the financial condition of government employees is concerned. But there is no official confirmation regarding this proposal for now, so employees will have to wait until it gets implemented.
The 8th Pay Commission is expected to be announced in the upcoming budget, especially after the announcement made in 2014 for the Seventh Pay Commission. So far, a gap of 10 years has been maintained between the pay commissions. However, the government has not officially put anything in public for the 8th Pay Commission. According to reports, the implementation of the 8th Pay Commission can be expected for the year 2026.
