8th Pay Commission: There is an important update regarding the 8th Pay Commission, and a major decision is expected soon. Reports suggest that a key announcement related to the new pay commission could be made soon. which has raised hopes among central government employees.
The salary hike under the 8th Pay Commission will mainly depend on the fitment factor. Many employees are eager to know how much this factor will be and how it will affect their revised pay.
8th Pay Commission: How Much Will the Salaries Be Raised?
The unions have demanded that the fitment factor should be locked between 2.86 and 3.25. If the government accepts a fitment factor of 3.25, the salaries of government employees will see a substantial rise.
For instance, the minimum basic salary, which is now ₹18,000, will go up to ₹58,500. During the 7th Pay Commission, the fitment factor was 2.57. This raised the basic pay from ₹7,000 to ₹18,000. The higher the fitment factor, the higher the raise in basic pay.
8th Pay Commission: How Much Will the Salaries Be Raised?
The unions have demanded that the fitment factor should be locked between 2.86 and 3.25. If the government accepts a fitment factor of 3.25, the salaries of government employees will see a substantial rise.
For instance, the minimum basic salary, which is now ₹18,000, will go up to ₹58,500. During the 7th Pay Commission, the fitment factor was 2.57. This raised the basic pay from ₹7,000 to ₹18,000. The higher the fitment factor, the higher the raise in basic pay.
8th Pay Commission: Key Point to Remember
The final salary revision under the 8th Pay Commission will fully depend on the fitment factor decided by the government. Once it is approved, employees will have a clearer picture of how much their pay will increase.
