- Advertisement -
Home Personal Finance 8th Pay Commission Salary Hike: Big update for Central employees! These employees...

8th Pay Commission Salary Hike: Big update for Central employees! These employees new salary will be Rs 28,600, know……

0
8th Pay Commission Salary Hike: Big update for Central employees! These employees new salary will be Rs 28,600, know......

8th Pay Commission Salary Hike: 2.86 as compared to 2.57 of 7th Pay Commission means a direct and higher increase, which will directly benefit about 50 lakh employees and 65 lakh pensioners.

8th Pay Commission Salary Hike:  Discussions are rife about the 8th Pay Commission, and the most discussed thing in the meantime is the fitment factor. The fitment factor is actually the multiplier by which the new basic salary of government employees is decided.

This factor was kept at 2.57 in the 7th Pay Commission, which is ending in December 2025. Now it is believed that it can be increased to 2.86 in the 8th Pay Commission. Although there has been no official announcement from the government yet, it is believed that 2.86 can be a possible and logical number considering inflation.

If the 2.86 fitment factor is fixed in the 8th CPC (Central Pay Commission), then it will see a significant increase in the salary. Its formula is very simple —

Basic Pay X Fitment Factor = New Basic Salary

For example, if an employee’s current basic salary is 10,000 and the new fitment factor is 2.86, then his basic salary will increase directly to 28,600.

2.86 as compared to 2.57 of 7th Pay Commission means a direct and higher increase, which will directly benefit about 50 lakh employees and 65 lakh pensioners.

Now all eyes are on when the central government announces the ‘term of reference’ regarding the 8th Pay Commission. Some reports said that it could be announced by the end of March and the announcement of the new CPC is possible in early April. At present, employees and pensioners are eagerly waiting for this update, as it is going to affect their entire financial plan.

Most Read Articles:

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version