8th Pay Commission: After the approval of the formation of the 8th Pay Commission of the Central Government, the salary of central government employees is set to increase from the year 2026.
8th Pay Commission: After the approval of the formation of the 8th Pay Commission of the Central Government, the salary of the central government employees is set to increase from the year 2026. With the implementation of the 8th Pay Commission, the salary of the employees and the pension of the pensioners will also increase. With the approval of the formation of the 8th Pay Commission of the government, most of the employees are discussing more on how much their salary and pension will increase? It is believed that under the 8th Pay Commission, the minimum basic salary of the employees can be more than Rs 40,000 per month, apart from this, allowances, performance pay and other facilities will be included separately.
Employees’ salary will increase by 25-30%
According to Neeti Sharma, CEO of TeamLease Digital, the fitment factor for the 8th Pay Commission is likely to be between 2.6 to 2.85, which can increase the salary by 25-30%. Along with this, the pension will also increase in the same proportion. However, this is just an estimate and the final figures will be clear only after the recommendations of the commission. However, it is expected that the minimum basic salary may increase from Rs 18,000 to Rs 40,000.
How much salary increased in the 7th Pay Commission?
Under the 7th Pay Commission, the minimum basic salary is Rs 18,000 per month, which reaches Rs 36,020 per month including allowances and other facilities. A fitment factor of 2.57 was adopted in the 7th Pay Commission, which increased the salary by an average of 23.55%. Earlier, the 6th Pay Commission had implemented a fitment factor of 1.86. It is worth noting that during the implementation of the 7th Pay Commission, there was an increase of ₹ 1 lakh crore in government expenditure in 2016-17.
When will the 8th Pay Commission be implemented?
The recommendations of the 8th Pay Commission are likely to be implemented from January 1, 2026. Union Information and Broadcasting Minister Ashwini Vaishnav said that the commission is being constituted ahead of time so that its recommendations can be implemented after the term of the 7th Pay Commission ends. The 7th Pay Commission was constituted in 2014 and its recommendations were implemented from January 2016. Earlier, the recommendations of the 6th Pay Commission were implemented in January 2006. The government constitutes a pay commission every 10 years. The 8th Pay Commission has played an important role in making government salaries and pensions competitive keeping in mind the changing economic environment. It will remove inflation and the difference between the public and private sectors. The 8th Pay Commission will not only increase the financial security of the employees. Rather, it will help in improving their purchasing power and standard of living.
Most Read Articles:
- Cash Transaction Rule Update: IT department keeps an eye on these 6 transactions, sends notice home immediately
- Tax Free FD: Big update for FD investor! Income tax will not be levied on bank FD; Finance Minister may announce in Budget
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
