8th Pay Commission Salary Calculations: What may be your revised salary if your basic pay is Rs 21,700, Rs 35,400, Rs 47,600, or Rs 67,700?
8th Pay Commission Salary Calculations: The salary in the 8th Pay Commission will be decided on the basis of the fitment factor, which will be decided once the pay commission is formed. But what may be revised basic pays for central government employees with the current basic pays of Rs 21,700, Rs 35,400, Rs 47,600, Rs 56,100, Rs 67,700, or Rs 78,800 if the fitment factor is 1.92, 2.08, 2.28, and 2.57?
8th Pay Commission Salary Calculations: Central government employees have been keenly waiting for the formation of the 8th Pay Commission. Once the commission's recommendations are accepted by the Cabinet, the salaries of government employees are likely to see an enormous jump from their current status. The revised salary will be decided on the basis of the fitment factor as happened in the 7th Pay Commission. For the existing pay commission, it is 2.57, which means the basic pays of the employees in the 6th Pay Commission were multiplied by 2.57 times. For the 8th Pay Commission, the fitment factor is yet to be known! But we will show salary projections for central government employees with current basic pays of Rs 21,700, Rs 35,400, Rs 47,600, Rs 56,100, Rs 67,700, or Rs 78,800!
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(Disclaimer: These are projections. Actual calculations may vary.)
Why is pay commission formed?
With inflation, prices of things increase, so any employee requires a greater amount for their expenses than they required a year ago. The government compensates that amount through a salary revision every 10 years through a pay commission. The pay commission decides the ratio of the salary increase.
But why is Pay Commission formed for 10 years when inflation is permanent?
A pay commission gives a substantial jump to their government employees' salaries. But the government also increases dearness allowance (DA) every six months, which gives a periodic rise to the government employees' salaries.
How pay commission decides about salary increase
First, the government announces a pay commission. Then the finance ministry asks for recommendations from central government departments such as railways, defence, etc. Once it has recommendations, it forms a pay commission, which has a chairman and members. The government hands over recommendations to the pay commission, which reviews them, and based on that, gives its recommendations to the central government. The recommendations also have the descriptions of revised salary slabs, among other salary-related things. The cabinet approves these recommendations, and the pay commission is implemented.
When was 7th Pay Commission implemented?
The current pay commission- the 7th- was implemented on January 1, 2016. A pay commission is for 10 years.
How much is salary jump in 7th Pay Commission?
The revised salaries of central government employees were decided on the basis of the fitment factor, which was 2.57 times for the 7th Pay Commission. It means that basic salaries of the employees in the 6th Pay Commission were multiplied by 2.57 times. The minimum basic pay increased to Rs 18,000, while the maximum basic pay jumped from Rs 90,000 to Rs 2,50,000.
When will 8th Pay Commission be implemented?
The 7th Pay Commission's time will end on December 31, 2025. So, the 8th Pay Commission should be implemented from January 1, 2026. However, since the pay commission has not been formed. There is no such information available till date.
Will fitment factor be 2.57 for 8th Pay Commission?
It is premature to say if it will be the same. There are talks that it may be 1.92, 2.08, 2.28, 2.57, or higher.
Calculations for story
We will show projected revised basic salaries of employees with the current basic pays of Rs 21,700, Rs 35,400, Rs 47,600, Rs 56,100, Rs 67,700, or Rs 78,800 at fitment factors of 1.92, 2.08, 2.28, and 2.57.
Projected revised salary of current Rs 21,700 basic pay
At 1.92 fitment factor- Rs 41,664
At 2.08 fitment factor- Rs 45,136
At 2.28 fitment factor- Rs 49,476
At 2.57 fitment factor- Rs 55,769
Projected revised salary of current Rs 35,400 basic pay
At 1.92 fitment factor- Rs 67,968
At 2.08 fitment factor- Rs 73,632
At 2.28 fitment factor- Rs 80,712
At 2.57 fitment factor- Rs 90,978
Projected revised salary of current Rs 47,600 basic pay
At 1.92 fitment factor- Rs 91,392
At 2.08 fitment factor- Rs 99,008
At 2.28 fitment factor- Rs 1,08,528
At 2.57 fitment factor- Rs 1,22,332
Projected revised salary of current Rs 56,100 basic pay
At 1.92 fitment factor- Rs 1,07,712
At 2.08 fitment factor- Rs 1,16,688
At 2.28 fitment factor- Rs 1,27,908
At 2.57 fitment factor- Rs 1,44,177
Projected revised salary of current Rs 67,700 basic pay
At 1.92 fitment factor- Rs 1,29,984
At 2.08 fitment factor- Rs 1,40,816
At 2.28 fitment factor- Rs 1,54,356
At 2.57 fitment factor- Rs 1,73,989
Projected revised salary of current Rs 78,800 basic pay
At 1.92 fitment factor- Rs 1,51,296.00
At 2.08 fitment factor- Rs 1,63,904.00
At 2.28 fitment factor- Rs 1,79,664
At 2.57 fitment factor- Rs 2,02,516