Soon, there could be good news for over one crore central employees and pensioners across India. One of the possibilities of such a good news regarding increase may include an increment in the basic salary of the employees.
Gift to central employees
The Eighth Pay Commission is likely to be constituted by the government. The implementation is said to be expected from January 2026. With this, the question that arises is about the fact that if the 8th Pay Commission is formed and increased salary and pension parameters are recommended, then how much will the salary of the central employees be?.
The Seventh Pay Commission has been approved in January 2016. The 7th Commission will end in 2026. The demand for the implementation of the High Pay Commission has gained strength. It is believed that the government can announce the Eighth Pay Commission in the general budget to be presented on 1 February 2025.
How much would the basic salary be under the 8th Central Pay Commission
According to media reports, the minimum increase in dedication may be Rs 34500 up to-the maximum can go up to 186%. The government has recommended a 2.86 times salary hike under new pay commission.
It will be built on the fitment factor of 2.86. The salary of the government employees and the pension of the retired employees are made using this factor. Employees feel that a salary hike can rightly reduce the increasing burden of inflation due to inflation.
In reality, the earlier pack, namely the 7th Pay Commission, adopted a fitment factor of 2.57. As a consequence, the absolute least pay increased from Rs 7000 to Rs 18000. Presently, the central employees draw their salary in light of 2.57 fitment criterion.
Pension will increase in 8th pay commission
In the kind of pension, strong increase is expected with the implementation of the 8th Pay Commission. The current minimum pension is Rs 9,000, which will draw increased figures up to Rs 25,740 at the 2.86 fitment factor. It is to be noted that this calculation is only for the minimum basic salary and pension. In the 8th Central Pay Commission, along with the basic salary, the employee will also get the benefit of dearness allowance that is, DA, so there will be quite a boost in hand salary.
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