8th Pay Commission Update: The 8th Pay Commission will outline the revised salary structure and pension for lakhs of government employees and retirees.
8th Pay Commission Update: More than one crore central employees and pensioners of India may get good news soon. The central government has confirmed that it has received suggestions regarding the 8th Central Pay Commission (CPC). Let us tell you that Minister of State for Finance Pankaj Chaudhary had given this information in a written reply in the Rajya Sabha that the official notification in this regard will be issued at the appropriate time.
After the initial announcement in January 2025, it is now expected to undergo development. Once formally constituted, the 8th CPC will outline the revised salary structure and pension for lakhs of government employees and retirees. According to the Finance Ministry, the Center is in talks with several departments and ministries, including the Ministry of Home Affairs, Ministry of Defense, Department of Personnel and Training and various state governments in this matter.
When is the commission made?
The Central Pay Commission is constituted every ten years to adjust basic salaries and pensions according to inflation and other rising prices. The Seventh Pay Commission came into effect in 2016, and as per the 10-year cycle, the next round of revisions was expected around 2024-25.
What is fitment factor?
This time the revision in salary is likely to be done through a key criterion called fitment factor, which is used to calculate the revised basic salary. In the Seventh Pay Commission, this figure was 2.57. Now experts estimate that a new fitment factor between 1.92 to 2.86 can be suggested in the Eighth Pay Commission. For example, the basic salary of an employee getting a basic salary of Rs 30,000 can increase to Rs 77,100 with a fitment factor of 2.57. The higher the fitment factor, the higher the increase in salary.
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Estimated salary increase
Grade Pay 1900:
At 1.92: Net salary ₹65,512
At 2.57: Net salary ₹86,556
Grade Pay 2400:
At 1.92: Net salary ₹86,743
At 2.57: Net salary ₹1,14,975
Grade Pay 4600:
At 1.92: Net salary ₹1,31,213
At 2.57: Net salary ₹1,74,636
Grade Pay 7600:
At 1.92: Net salary ₹1,82,092
At 2.57: Net salary ₹2,41,519
Grade Pay 8900:
At 1.92: Net salary ₹2,17,988
At 2.57: Net salary ₹2,89,569
Disclaimer: (There may be a difference in the increased salary after the formation of the 8th Pay Commission. Only estimated salary is mentioned in this article. After the implementation of 8th Pay Commission, your salary may be less or more than this.)
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