8th Pay Commission: Which fattening factor will be used to increase the salary of the employees. No official announcement has been made for this.
Central government employees across the country are eagerly waiting for the formation of the 8th Pay Commission. After its implementation, their basic salary is likely to increase significantly. Regarding this, recently Finance Minister Nirmala Sitharaman gave an important update about the formation of the new pay commission.
Responding to a question from MPs Kangana Ranaut and Sajda Ahmed, she said, “Inputs have been sought on the Terms of Reference (ToR) from key stakeholders including the Ministry of Defense, Ministry of Home Affairs, Department of Personnel and Training and the states. The impact of the 8th Pay Commission can be assessed only when recommendations are made by the 8th CPC and accepted by the government.”
The Finance Minister also informed that at present there are about 36.57 lakh central government employees and 33.91 lakh pensioners in India. All these employees will benefit from this. He said that the 8th Pay Commission will also benefit defense employees and their pensioners.
What could be the fitment factor?
At present, which fitment factor will be used for increasing the salary of the employees. No official announcement has been made for this. However, it is believed that 1.92, 2.28 or 2.86 fitment factor can be used for increasing the salary of the employees.
In such a situation, the question arises that what will be the revised salary for central government employees with existing basic salary of Rs 20,300, Rs 30,200, Rs 40,600, Rs 50,400, Rs 61,000 and Rs 70,000 on the basis of 1.92, 2.28 or 2.86 fitment factor under the 8th Pay Commission?
Estimated revised salary on a basic salary of Rs 20,300
- At 1.92 fitment factor – Rs 38,976
- At 2.28 fitment factor – Rs 46,284
- At 2.86 fitment factor – Rs 58,058
Estimated revised salary of those getting a basic salary of Rs 30,200
- At 1.92 fitment factor – Rs 57,984
- At 2.28 fitment factor – Rs 68,856
- At 2.86 fitment factor – Rs 86,372
How much can the salary of employees getting a basic salary of 40,600 increase?
- At 1.92 fitment factor – Rs 77,952
- At 2.28 fitment factor – Rs 92,568
- At 2.86 fitment factor – Rs 1,16,116
How much will the salary of Rs 50,400 increase?
- 1.92 fitment factor – Rs 96,768
- 2.28 fitment factor – Rs 1,14,912
- 2.86 fitment factor – Rs 1,44,144
How much will be the increase in the basic salary of Rs 61,000?
- 1.92 fitment factor – Rs 1,17,120
- 2.28 fitment factor – Rs 1,39,080
- 2.86 fitment factor – Rs 1,74,460
Revised salary of employees earning Rs 70,000
- 1.92 fitment factor – Rs 1,34,400
- 2.28 fitment factor – Rs 1,59,600
- 2.86 fitment factor – Rs 2,02,200
