8th Pay Commission latest update: Central employees are going to get good news again. Right now the central is getting salary under the 7th pay commission. But soon now the employees will get salary under the 8th Pay Commission.
The demand for the 8th Pay Commission is now rising. If the 8th Pay Commission is implemented, then there will be a big jump in the salary of central employees. Actually, with the implementation of the 8th Pay Commission, there will be an increase in the basic of the employees, due to which almost all the allowances will increase.
Salary of employees will increase
It is noteworthy that at present, under the 7th Pay Commission, the minimum basic salary of the employees is Rs 18,000, while the maximum basic salary is Rs 56,900. Let us tell you that the revised basic pay is calculated from the old basic pay only on the basis of fitment factor. Fitment factor is also an important recommendation in the Pay Commission report.
Basic will increase with fitment factor
According to our associate website Zee Business, the fitment factor has been kept at 2.57 times in the recommendations of the 7th Pay Commission. On this basis, the salary of central employees was revised. Looking at the figures, the lowest salary hike was received in the 7th Pay Commission.
However, the basic salary was increased to Rs 18,000. Now it is being told that in the 8th Pay Commission, the fitment factor can be increased to 3.68 times. That is, the minimum salary of the employees will increase from Rs 18,000 to Rs 26,000. Let us see what was the salary hike in which pay commission.
4th Pay Commission Fitment Factor
Salary Increase: 27.6%
Minimum Pay Scale: Rs 750
5th Pay Commission Fitment Factor
Salary Hike: 31%
Minimum Pay Scale: Rs 2,550
6th Pay Commission Fitment Factor
Fitment Factor: 1.86 times
Salary Increase: 54%
Minimum Pay Scale: Rs 7,000
7th Pay Commission Fitment Factor
Fitment Factor: 2.57 times
Salary Hike: 14.29%
Minimum Pay Scale: Rs 18,000
8th Pay Commission, how much will the salary increase? (Fitness Factor)
Fitment factor: 3.68 times possible
Increment: 44.44%
Minimum Pay Scale: Rs.26000 Possible
Will 8th pay commission come or not?
At present, the government does not have any proposal regarding the 8th Pay Commission. Minister of State for Finance Pankaj Chowdhary himself has also given an answer on this in the Lok Sabha. But, if sources are to be believed, the next pay commission may be considered in the year 2024.
There is still time for the 8th Pay Commission to come. If it is to be implemented in the year 2026, then the government has time to consider the new scale of increment. But, whatever the scale will be, it will be implemented under the Pay Commission only. For this, the Pay Commission can also be formed in the year 2024.
At the same time, experts believe that in 2024 general elections are also to be held in the country. In such a situation, the government would not want to anger the central employees. That’s why it is premature to say that the next pay commission will not come.
