Saturday , November 23 2024

After the implementation of 8th Pay Commission, salary and pension will increase by this much – check calculation

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8th Pay Commission: The discussion about the 8th Pay Commission before the year 2025 has intensified. It is believed that a meeting of the Joint Consultative Body is likely to be held in November, in which the service conditions of the employees will be considered and the trade unions will present their demands. If the recommendations of the 8th Pay Commission are implemented then the minimum salary can reach 34 thousand and pension can reach 17 thousand.

Actually, usually the central government constitutes a new pay commission every 10 years to revise the salaries of government employees. The 7th Pay Commission was constituted in February 2014, but its recommendations were implemented from January 1, 2016, which is scheduled to end on December 31, 2025. On this basis, the 8th Pay Commission is to be implemented in January 2026, as There are speculations that the Central Government may take a decision regarding this in Budget 2025. However, no official statement has come out yet in this regard.

How much will the salary and pension increase after the implementation of the 8th Pay Commission?

In the new pay commission, the salaries and pensions of government employees are revised according to various economic parameters, especially inflation. Till now the Central Government has been making a new pay commission every 10 years, accordingly the next pay commission is to be implemented in 2026. If the recommendations of the 8th Pay Commission are implemented from 2026, then the minimum salary of central employees may increase from ₹ 18,000 to around ₹ 34,560, while the minimum pension of pensioners may be ₹ 17,280. Due to increase in fitment factor, the salary of employees including allowances can increase by 15-20 percent.

What will be the impact on fitment factor after implementation of 8th Pay Commission?

The special thing is that after the implementation of the 8th Pay Commission, the minimum salary of central employees may increase from ₹ 18,000 to about ₹ 34,560, while the minimum pension of pensioners may also increase to ₹ 17,280.

The fitment factor will also increase from 2.57 to 3.68. This could lead to a possible increase in the salaries of employees by ₹20,000 to ₹25,000. At present the fitment factor is 2.57 times and the basic salary is Rs 18000. It is believed that the fitment factor may increase from 2.57 percent to 3.00 or 3.68 percent.

Before this, the Central Government had last increased the fitment factor in 2016 and the 7th Pay Commission was also implemented from the same year. This will benefit about 48.62 lakh employees and 67.85 lakh pensioners.