8th Pay Commission implementation will increase Basic Pay and Allowance, know full benefits

8th Pay Commission: At present, the 7th Pay Commission is in force in the country and after one and a half years, the 8th Pay Commission is to be implemented. The central government implements a new pay commission every 10 years. Since the 7th Pay Commission was implemented in January 2016, the recommendations of the 8th Pay Commission can be implemented from January 2026. The Modi government at the Center can soon start preparations for the next Pay Commission and there is a buzz that some announcement regarding this can also be made in the upcoming budget.

More than one crore employees and pensioners will benefit

Shiv Gopal Mishra, Secretary of the National Council of Joint Consultative Machinery for Central Government Employees, has written a letter to the Central Government. In this, a demand has been made for the formation of the 8th Pay Commission. The formation of the 8th Pay Commission will benefit about 49 lakh government employees and 68 lakh pensioners, that is, more than 1 crore people will be able to benefit from it.

Budget 2024-25 will come on 23 July

Finance Minister Nirmala Sitharaman will present the General Budget 2024-25 on July 23. The Central Government Employees Union is demanding the formation of the 8th Pay Commission in the upcoming budget. Not only this, the employees and workers have also prepared and submitted a proposal for this.

How much will the salary of employees increase

It is expected that their salary will also be increased with the increase in the fitment factor under the 8th Pay Commission. The fitment factor is the main formula that helps in calculating the salary and pay matrix of employees under the 8th Pay Commission.

What can be the fitment factor in the 8th pay commission

According to a recent report by Financial Express, the fitment factor can be set at 3.68 times. If this happens, the basic salary will increase by Rs 8000 due to the increase in the fitment factor in the 8th Pay Commission. After this, the minimum basic salary of government employees will increase from Rs 18,000 to Rs 26,000. An increase of between 25-35 percent can be seen in the total income including basic salary and dearness allowance.

What was the fitment sector in the 7th pay commission

In the 7th Pay Commission, a fitment factor of 2.57 times was introduced which increased the minimum salary by about 14.29 percent. After this, the minimum salary became Rs 18 thousand.

These things will change with the new pay commission

The 8th Pay Commission will see an increase in the basic pay, allowances, pension and other monetary benefits. First of all, the salary of the employees will increase. Since the Pay Commission itself prepares the formula for deciding Dearness Allowance (DA) for employees and Dearness Relief (DR) for pensioners and other allowances.

read this also

Stock Market: What is the best time to buy stocks, when to enter – find out here

Morne Morkel will not go with Team India on Sri Lanka tour, Sairaj Bahutule interim bowling coach IND vs SL

Morne Morkel will not go with Team India on Sri Lanka tour, Sairaj Bahutule interim bowling coach IND vs SL

IND vs SL: Team India has taken an important decision before the ODI and T20 series against Sri Lanka. Team ...
Drew Sidora Says Her Kids Are ‘Thriving’ amid Her Divorce (Exclusive)

Drew Sidora Says Her Kids Are ‘Thriving’ amid Her Divorce (Exclusive)

Drew Sidora says her kids are navigating her divorce from Ralph Pittman with an impressive show of "resilience." The Real ...
Economic Survey 2024 before Budget know important points to note about it

Economic Survey 2024 before Budget know important points to note about it

Economic Survey 2024: Finance Minister Nirmala Sitharaman is going to present the first budget of the third term of the ...
Coldplay Dedicates ‘Everglow’ to Taylor Swift at Germany Concert

Coldplay Dedicates ‘Everglow’ to Taylor Swift at Germany Concert

Coldplay is feelng for the Swifties in Germany! While performing in concert in Düsseldorf, Germany, on Saturday, July 20, Coldplay's ...
India women beat UAE by 78 runs Women's Asia Cup T20 2024 Harmanpreet Kaur Deepti Sharma

India women beat UAE by 78 runs Women's Asia Cup T20 2024 Harmanpreet Kaur Deepti Sharma

Women's Asia Cup T20 2024: India won the second consecutive match in the Women's Asia Cup T20 2024. Team India ...
Google Maps vs ola maps comparison how both are different from each other update features data source know details here

Google Maps vs ola maps comparison how both are different from each other update features data source know details here

Google Maps Vs Ola Maps: Ola Electric has recently severed its ties with Google Maps. The company has started its ...
How to Delete and block your UPI ID After your phone stolen follow the all steps here

How to Delete and block your UPI ID After your phone stolen follow the all steps here

How to Block UPI ID: Ever since UPI has come, almost everyone does more online transactions than offline transactions. The ...
Hardik Pandya's bowling fitness test in Vijay Hazare Trophy to be monitored ahead of Champions Trophy 2025

Hardik Pandya's bowling fitness test in Vijay Hazare Trophy to be monitored ahead of Champions Trophy 2025

Hardik Pandya Champions Trophy 2025: Hardik Pandya is troubled due to personal issues. Team India has given him a chance ...
Tushar Deshpande wishes MS Dhoni and his father on Guru Purnima 2024

Tushar Deshpande wishes MS Dhoni and his father on Guru Purnima 2024

Tushar Deshpande wishes MS Dhoni on Guru Purnima: Chennai Super Kings bowler Tushar Deshpande recently made his debut in international ...
Commerce Top Colleges In India See List of top commerce colleges of india admission ranking fees placements

Commerce Top Colleges In India See List of top commerce colleges of india admission ranking fees placements

Best Commerce Colleges Of India: There are many colleges in the country to study commerce. Some are government and some ...

Leave a Comment