Update on 8th Pay Commission, Know How Much The Salary OF Central Employees Will increase
8th Pay Commission: Central employees were constantly complaining about their low salary. But now this complaint is going to go away very soon. Central employees can get great news in the month of August. Next month, there may be an increase in many allowances like DA arrears, increase in dearness allowance and fitment factor. The biggest wait for the employees is regarding the fitment factor. For a long time, the central employees were demanding from the government regarding its increase. According to media reports, considering the demands of the employees, increasing the fitment factor may be considered in August.
The fitment factor plays a very important role in the basic salary of central employees. Actually, the revised pay is calculated from the old basic pay only on the basis of fitment factor. Apart from this, the new salary is decided only through the fitment factor. The same employees have been demanding for a long time to increase the fitment factor from 2.57% to 3.68%.
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Minimum wage may increase from Rs 18,000 to Rs 26,000
According to the Seventh Pay Commission, the fitment factor for central employees was kept at 2.57. On the basis of this, the salary of the employees was increased. According to statistics, the employees got the lowest salary hike in the 7th Pay Commission. After this the basic salary was increased to Rs 18,000. Now it is being estimated that in the 8th Pay Commission the fitment factor may be increased from 2.57 times to 3.68 times. After which the minimum wage of the employees will increase from ₹ 18000 to ₹ 26000.
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fitment factor salary calculation
The minimum pay scale was Rs 7,000 with a fitment factor of 1.86 times and an increment of 54% under the 6th Pay Commission.
Under the Seventh Pay Commission, the minimum pay scale has reached Rs 18,000 after the fitment factor is 2.57 times and the increment is 14.29%.
Now if the fitment factor is 3.68 times under the 8th Pay Commission, then the minimum pay scale will be 26,000.
For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260.
On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. there will be a profit of Rs 49,420 in salary.