Saturday, October 5, 2024
HomePersonal Finance8th Pay Commission: How much will the salary increase if the 8th...

8th Pay Commission: How much will the salary increase if the 8th Pay Commission is implemented? Know the new update here

8th Pay Commission: Let us tell you that a new pay commission has been formed every 10 years so far. The 7th Pay Commission was formed in 2013, while its recommendations were implemented in 2016. In this too, the fitment factor was considered as the basis and an increase of 2.57 times was made, due to which the salary increase was 14.29% and the basic salary became Rs 18000.

8th Pay Commission: Before the results of the Lok Sabha elections and the formation of the new government, the discussion on the 8th Pay Commission has intensified. This discussion is also happening because the Labor Ministry has not yet released the AICPI index data for February, March and April. There is also confusion due to the Central Government’s rule that “DA will become zero if it reaches 50%”.

Here, after the letter of the Indian Railway Technical Supervisor Association, now the National Council of Staff Side and All India Defense Employees Federation are also preparing to put the demand of implementing the 8th Pay Commission in front of the new government. If the government accepts this demand, then 1 crore 12 lakh employees and pensioners will get the benefit. However, the government has clarified several times in Parliament that there is no thought about the next Pay Commission at present.

The union will put the demand of the 8th Pay Commission in front of the new government

C. Srikumar, member of the National Council of Staff Side (JCM) and General Secretary of All India Defense Employees Federation (AIDEF), says that the current rate of DA of employees is 50 percent. There will be an increase of four percent from July 1. Inflation is constantly increasing. There is a difference of a few points in any month, but when the chart from January 2024 to June 30, 2024 will be made, then on that basis there is sure to be an increase of at least four percent in DA / DR. After the results of the Lok Sabha elections, the demand for the formation of the Eighth Pay Commission will be placed before the Central Government.

Recently, the Railway Union had written a letter to the government

In fact, recently the Indian Railway Technical Supervisors Association (IRTSA) has written a letter to the Ministry of Personnel, Public Grievances and Pensions under the Department of Personnel and Training (DoPT), demanding the immediate establishment of the 8th Central Pay Commission.

Demanding the formation of the Central Pay Commission, IRTSA has written that the government should constitute a pay commission to remove the inequalities in the salaries of different groups of employees and all the existing anomalies related to working conditions, promotion avenues and distribution of posts along with pay and allowances. Federation AIRF has also placed the demand for the formation of the 8th Pay Commission before the government and a letter has also been written to the Cabinet Secretary.

If the 8th Pay Commission is implemented, will the salary increase by 44%?

In fact, a new pay commission has been formed every 10 years so far. The 7th Pay Commission was formed in 2013, while its recommendations were implemented in 2016. In this too, taking the fitment factor as the basis, an increase of 2.57 times was made, due to which the salary increase was 14.29% and the basic salary became Rs 18000.

On this basis, if the 8th Pay Commission is implemented in 2025-26 according to the 10-year pattern after the formation of the new government, then the salary will increase by 44.44% and the minimum salary can be made 26000 on the basis of increasing the fitment factor from 2.57 to 3.68. It can be implemented from January 1, 2026. However, official confirmation is yet to be done.

For example, if we talk about the fitment factor, if the basic salary of a central government employee is Rs 18,000, then excluding allowances, his salary will be Rs 18,000 X 2.57 = Rs 46,260. When it becomes 3.68, the salary will become Rs 95,680 (26000 X 3.68 = 95,680), i.e., a benefit of Rs 49,420 will be available in the salary.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments