8th Pay Commission Salary Calculator: The central government approved the formation of the 8th Pay Commission. The Seventh Pay Commission was implemented in 2016, after which employees’ minimum salary increased from Rs 7,000 to Rs 18,000.
Prime Minister Narendra Modi has approved a salary increase for about 50 lakh central employees. In addition, about 65 lakh pensioners will benefit. So, how much will the salary increase for employees and pensioners’ pensionary Commission?
How much will the salary increase
It is unclear how much the employees’ salaries will increase under the 8th Pay Commission. However, according to the information available, the fitment factor is expected to grow from 2.57 to 2.86. The fitment factor is a significant factor used to convert the existing salary into a new one.
If the current basic pay of an employee is Rs 60,000 and the fitment factor becomes 2.86, then his new basic pay will be – 60,000 × 2.86 = Rs 1,71,600. If there is no change in the fitment factor, then 60,000 × 2.57 = Rs 1,54,200. With the help of this formula, you can easily find out how much your salary will increase after the 8th Pay Commission.
How much can the salary of employees increase?
Experts believe government employees can expect an average salary increase of 25% to 30%. After implementing the 6th and 7th Pay Commissions, salaries increased by 40% and 23-25%, respectively.
After the formation of the Eighth Pay Commission, the commission will review the salaries, allowances, and pensions of the employees. The commission will likely submit its report soon, and its recommendations can be implemented on January 1, 2026.
Every 10 years, a pay commission is formed to review the employee’s salary, allowances and pension. After implementing the Eighth Pay Commission at the Center, the state governments will adopt it at their level and increase the employees’ salaries.