- Advertisement -
Home Personal Finance 8th Pay Commission: Salary will be decided on this formula in 8th...

8th Pay Commission: Salary will be decided on this formula in 8th Pay Commission, understand how much salary will increase

0
8th Pay Commission Apply Date : 8th Pay Commission be implemented from this day? The government announced the date!

8th Pay Commission: It is expected that on the basis of all the suggestions, the fitment factor can be 2.86%. JCM staff has said in its advice that during the 7th pay commission, the fitment factor was 2.57 percent. In such a situation, this time it should not be less than this.

8th Pay Commission: The government employees had been demanding the 8th Finance Commission for a long time. Recently, the Modi government gave a gift to the government employees by announcing the 8th Finance Commission. Now there is a lot of discussion about how much the implementation of the 8th Pay Commission will affect the government employees. How much will their salary increase. What will be the factor by which the salary will be decided in the 8th Pay Commission. Let us understand in detail –

Suggestion of merger of pay scale

It has been suggested to merge the pay scales of government employees from 1 to 6. If this happens, the pay grades will become very simple. National Joint Consultative Mechanism has advised to merge level one employees with level 2, level 3 with level 4 and level 5 with level 6.

Salary will be decided by fitment factor

It is expected that based on all the advices, the fitment factor can be 2.86%. JCM staff has said in its advice that during the 7th pay commission, the fitment factor was 2.57%. In such a situation, it should not be less than this this time. Apart from this, JCM staff has said that whether it is level one or 6, the same fitment factor should be adopted for all.

During the 7th pay commission, the fitment factor for level one was 2.57%. Whereas, the fitment factor for level 2 was 2.62%, for level three it was 2.67%, for level 4 it was 2.72%. At the higher level, the fitment factor for the 7th pay commission was 2.81%.

What could be the salary?

The minimum monthly salary for level one employees could be Rs 18000. At fitment factor 1.92 percent, the minimum salary could increase from Rs 18000 to Rs 34650, at fitment factor 2.08 percent, the minimum salary could increase from Rs 18000 to Rs 37440, at fitment factor 2.86 percent, the minimum salary could increase from Rs 18000 to Rs 51480. Employees will get higher salary at higher pay grades.

- Advertisement -DISCLAIMER
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

Exit mobile version