In this era of rising inflation, everyone wait for their salary to increase. In such a situation, there is a very good news for millions of central employees and pensioners of the country. Government soon Eighth pay commission The process of formation of the formation can begin, and if its recommendations are implemented, there will be a tremendous bounce in the salary of the employees and pension.
This Pay Commission does not only change some figures of your salary, but its aim is to ensure that the money you received is correct according to today’s expenses, inflation and living. In direct language, it makes your hard earned money worth today.
Close to this commission 49 lakh employees And 65 lakh pensionersThat is, more than one crore families are expected to directly benefit.
Can there be major changes in your salary?
Let’s know about the big changes that are being expected:
1. The biggest good news: bumper bounce in basic salary!
Right now the minimum basic salary according to the 7th Pay Commission 18,000 rupees It is per month. It directly in the eighth pay commissionRs 34,500 to Rs 41,000 It is proposed to do. If this happens, it will be one of the biggest growth ever.
2. Mathematics of Fitment Factor will change:
The fitment factor is the magical number from which a new salary is fixed by multiplying your basic salary. Right now it is 2.57 times, which is increased 2.86 times Can be done up to. Increasing this number leads to a big jump in your entire salary.
3. Inflation and travel allowance will increase:
In today’s time, how much house fare (HRA), dearness allowance (DA) and the cost of movement (TA) have increased, it is not hidden from anyone. The new pay commission will increase all these allowances according to today’s inflation rate, which will reduce the burden on your pocket.
4. Pensioners will also have good days:
Those who have retired, their minimum pension will also be increased significantly. Also, the system will be made more transparent so that pension can be found on time and without any hassle.
5. First time: Good job is more money!
This time there can be a new and very good initiative. The government may implement the “demonstration-based salary” system. This means that employees who do very well work can get more incentives and benefits than others.
6. Salary slip will be easy to understand:
Just as an easy ‘pay matrix’ was brought to the 7th Pay Commission, this time it will also be tried that the entire structure of the salary is so simple and transparent that every employee can easily understand it.
Overall, the Eighth Pay Commission can prove to be a major economic reform, not just one salary hike for central employees and pensioners, which will improve the standard of living of millions of families.
look news india