Brokerage firm Ambit Capital has claimed in its report that the implementation of the 8th Pay Commission can increase salary and pension by 30-34%, which will benefit about 1.1 crore people. The new pay scale is expected to be implemented from January 2026.
Crores of government employees and retired employees are eagerly waiting for the implementation of the 8th Pay Commission. Meanwhile, a news has increased their happiness. A report in The Economic Times says that the implementation of this pay commission can increase the salary of the employees by 30 to 34 percent.
Brokerage firm Ambit Capital has claimed in its report that the salary and pension can increase by 30-34%, which will benefit about 1.1 crore people. The new pay scale is expected to be implemented from January 2026, but for this, first the report of the Pay Commission will have to be prepared, then it will have to be sent to the government and it will have to be approved. So far only the announcement has been made. Who will be the chairman of the commission and what will be his tenure? This decision is yet to be taken.
Who will get this benefit?
About 1.1 crore people can get benefit from the 8th Pay Commission, including about 44 lakh central government employees and about 68 lakh pensioners. After the implementation of the 8th Pay Commission, there will be growth in the basic salary, allowances and retirement benefits of the employees.
What is the fitment factor?
A special part of deciding the new salary is the fitment factor, this is the number which is used to multiply the existing basic salary to decide the new salary. Example- The Seventh Pay Commission used a factor of 2.57. At that time, it had increased the minimum basic salary from Rs 7,000 to Rs 18,000 per month. The report says that this time the fitment factor could be between 1.83 and 2.46. The exact figure will play an important role in how much increase employees and pensioners will get.
What has been the history of salary hike?
Previous pay commissions have shown salary growth at many levels. The 6th Pay Commission (2006) gave a growth of about 54% in total salary and allowances. After this, the 7th Pay Commission was implemented in 2016, then the basic salary showed a growth of 14.3% and about 23 percent in the first year after adding other allowances.
How is salary calculated?
The salary of a government employee includes basic salary, dearness allowance (DA), house rent allowance (HRA), transport allowance (TA), and other minor benefits. Over time, the share of basic salary has come down from 65% to about 50% of the total package and the share of other allowances has increased even more. Monthly salary is given by adding all these. Similar changes will be seen for pensioners as well. However, HRA or TA will not be given.
