8th Pay Commission – Big update for central government employees. Central government employees will soon get good news. In which their salary may increase after the implementation of the 8th Pay Commission. Let us tell you, there is a lot of discussion about the 8th Pay Commission, in such a situation, the employees have a lot of expectations from the 8th Pay Commission 9, because in every pay commission, central government employees and pensioners eagerly wait for their salary and pension to increase.
Will there be a change in HRA rates in the 8th Pay Commission?
In such a situation, every pay commission will not only affect the salary structure, but also the rates of dearness allowance (DA), fitment factor and most importantly HRA i.e. “House Rent Allowance”. In such a situation, the biggest question arising in the minds of the employees is whether there will be a change in the rates of HRA in the 8th Pay Commission or not. In such a situation, let us know about it in detail …
Basic salary and pension of employees will increase
First of all, let us tell you that the Pay Commission is constituted for a period of 10 years. The primary objective of the Pay Commission is to revise the basic salary and pension of the Central Government employees. Along with this, let us tell you that not only the basic salary and pension are revised in the Pay Commission, but there are many major allowances like House Rent Allowance i.e. HRA, Travel Allowance, Child Education Allowance and many more, which are revised in the Pay Commission and there are some allowances which can be kept out of the Pay Commission, can be merged or can be abolished.
According to experts, there is a high possibility of change in HRA rates in the new pay commission. Every time a new pay commission is implemented, the HRA rates are revised. Currently, there is talk of increasing HRA by 30%, 20% and 10%. However, there is talk that it can be revised and it will be linked to DA. If this happens, not only will the money in the hands of the employees increase but DA is also expected to reach 25 percent and 50 percent.
How salaries are revised in Pay Commission?
This is decided on the basis of the fitment factor. The fitment factor is the multiplier for revising the basic salary and pension. It may vary for different pay commissions.