8th Pay Commission Update: If you are an employee then this news is for you. In fact, soon there is going to be a huge increase in the salary of the employees. At the same time, if the 8th Pay Commission comes, there will be a huge jump in the salaries of the employees. Employees should read the news completely to know the complete information related to this update.
There is great news for central employees. There is going to be a huge increase in his salary. On one hand, there are rumors about the arrival of the 8th Pay Commission, on the other hand there is also discussion that the 8th Pay Commission will not come. At the same time, if the 8th Pay Commission comes, there will be a huge jump in the salaries of the employees.
Talk is progressing, but no proposal –
In media reports, quoting sources, it has been said that after the Lok Sabha elections in the year 2024, there will be a discussion on the formation of a pay commission regarding the salaries of the employees. Some things are moving forward on this, but there is no proposal yet.
When will the 8th Pay Commission come?
It has been claimed in media reports quoting sources that it is not right to discuss the 8th Pay Commission right now. A decision regarding its formation can be taken after the 2024 elections. When the 8th Pay Commission comes, the employees are going to be in trouble. If it comes, it will be formed by the end of 2024 and it will be implemented by 2026.
When will the salary increase in the 8th Pay Commission?
According to media reports, salary may be reviewed every year in the 8th Pay Commission. Currently, salary revision is done every 10 years, which is a long time. In such a situation it can be changed. While the salary hike of low salaried employees can happen every year based on their performance, the salary hike of highest salaried employees can happen at an interval of 3 years.
What will be the basic salary in the 8th Pay Commission?
According to media reports, the fitment factor of employees in the 8th Pay Commission may be 3.68 times. This means that the minimum wage of employees may increase by 44.44 percent. Under the 7th Pay Commission, employees are getting a basic salary of Rs 18 thousand considering 2.57 (fitment factor) as the basis. It may increase to Rs 26 thousand or more.
