8th Pay Commission: The 8th Pay Commission, which revises the salaries and pensions of central government employees, was approved by the Union Cabinet earlier this month and is likely to be implemented next year.
8th Pay Commission: The 8th Pay Commission, which revises the salaries and pensions of central government employees, was approved by the Union Cabinet earlier this month and is likely to be implemented next year. At present, the salary structure of central employees is in line with the recommendations of the 7th Pay Commission implemented in 2016. Let us tell you that the 7th Pay Commission was constituted in 2014 and its recommendations came into effect from January 1, 2016. The Pay Commission will recommend the salary of central employees on the basis of fitment factor.
What is the fitment factor?
The fitment factor is a formula used to calculate the salary and pension of government employees. It is decided by considering various factors such as inflation, the needs of the employees, and the financial capacity of the government. According to reports, the 8th Pay Commission may introduce a fitment factor of 2.86. For example, the 7th Pay Commission had a fitment factor of 2.57, which increased the salary in Level 1 from ₹7,000 (under the 6th Pay Commission) to ₹18,000. However, after taking into account dearness allowance (DA), house rent allowance (HRA), and transport allowance, among other benefits, the total salary is ₹36,020.
8th Pay Commission Fitment Factor
According to several reports, the 8th Pay Commission may have a fitment factor of 2.86. According to a report by NDTV, this will increase the basic salary in Level 1 from ₹18,000 to ₹51,480 and will be applicable across all levels as follows-
Level 1 includes peons, attendants and support staff. The basic pay of ₹18,000 is expected to be revised to ₹51,480, an increase of ₹33,480.
Level 2 includes lower division clerks. The basic pay of ₹19,900 is likely to increase to ₹56,914, up from ₹37,014.
Level 3 includes constables or constables in public services and skilled staff. Currently the basic salary is ₹21,700. It is expected to increase to ₹62,062 with an increase of ₹40,362.
Level 4 includes Grade D stenographers and junior clerks. Their basic salary is currently ₹25,500 and is likely to increase to ₹72,930, an increase of ₹47,430.
Level 5 includes senior clerks and high-level technical staff. Their basic salary is currently ₹29,200. It is likely to be revised to ₹83,512, an increase of ₹54,312.
Level 6 includes inspectors and sub-inspectors. Their basic salary is likely to be revised to ₹1,01,244, an increase of ₹65,844.
Level 7 includes superintendents, section officers and assistant engineers. Their basic pay may be increased from ₹44,900 to ₹1,28,414, which is an increase of ₹83,514.
The basic pay of level 8 section officers and assistant audit officers may increase from ₹47,600 to ₹1,36,136, which is an increase of ₹88,536.
Level 9 deputy superintendents and accounts officers have a basic pay of ₹53,100, which could rise to ₹1,51,866, an increase of ₹98,766.
Level 10 includes Group A officers like entry-level officers in civil services with a basic pay of ₹56,100. Their pay could rise to ₹1,60,446, an increase of ₹1,04,346.
The post 8th Pay Commission: From junior clerk to peon, know how much will be the new salary of government employees first appeared on informalnewz.
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