8th Pay Commission: On the new year, the Narendra Modi government at the center has given a big gift to the government employees. The government has approved the formation of the 8th Finance Commission.
Government employees and salary earners were demanding this for a long time. Let us know how much the implementation of this pay commission will affect the salaries of government employees. And by when can it be implemented.
What is the 8th Finance Commission?
This 8th Finance Commission will make changes in the pension, allowance and salary of the Central Government employees and pensioners. On one hand, the salary of the government employees will increase after the implementation of this pay commission, on the other hand, the dearness allowance will also be revised. Let us tell you, the Pay Commission advises the Central Government to revise the salary of government employees. This process is done every 10 years.
Minimum basic salary can be Rs 51480
The government has also not told how much percentage of salary will be increased. However, this is decided by the fitment factor. According to different reports, it can be increased from 2.57 to 2.86. If this happens, then according to the fitment factor of 2.86, the minimum basic salary can increase from Rs 18000 to Rs 51480.
What is the fitment factor?
The Pay Commission revises salaries, pensions and allowances through this fitment factor. This is the method by which the salary and pension of government employees are calculated. Factors like inflation, requirement of employees etc. are included in this.
50 lakh government employees can get the benefit of this pay commission. 60 lakh pensioners can also get its benefit. According to reports, this pay commission can be implemented on 1 January 2026.
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