If you are also waiting for the 8th Pay Commission, then this news is for you. Know how the new fitment factor can double your salary. Basic salary of ₹ 18,000 can directly become ₹ 34,560. See the complete calculation and know how much your salary will increase.
Lakhs of central government employees are eagerly waiting for the 8th Pay Commission (8th CPC). Every employee has this question in their mind: when will the new pay commission come, and how much will the new salary be? We have prepared an estimated salary breakup for employees from level 1 to level 7. In this, we have based 1.92 fitment factor, X City HRA (30%), and Higher TPTA. This will make it easier for you to understand how big a jump your salary can make.
Estimated salary from level 1 to level 7
This calculation is completely estimated. The correct figures will come out only when the actual recommendations of the 8th Pay Commission come out.
Level-1: Grade Pay ₹1800
Existing Basic Pay: ₹18,000
Estimated Basic Pay (1.92): ₹34,560
HRA (30%): ₹10,368
TA (Higher TPTA): ₹1,350
Gross: ₹46,278
Net Salary: ₹42,572
Level-2: Grade Pay ₹1900
Existing Basic Pay: ₹19,900
Estimated Basic Pay (1.92): ₹38,208
HRA (30%): ₹11,462
TA: ₹1,350
Gross: ₹51,020
Net Salary (Net): ₹46,949
Level-3: Grade Pay ₹2000
Existing Basic Pay: ₹21,700
Estimated Basic Pay (1.92): ₹41,664
HRA: ₹12,499
TA: ₹3,600
Total Salary (Gross): ₹57,763
Net Salary (Net): ₹53,347
Level-4: Grade Pay ₹2400
Existing Basic Pay: ₹25,500
Estimated Basic Pay (1.92): ₹48,960
HRA: ₹14,688
TA: ₹3,600
Total Salary (Gross): ₹67,248
Net Salary (Net): ₹62,102
Level-5: Grade Pay ₹2800
Existing Basic Pay: ₹29,200
Estimated Basic Pay (1.92): ₹56,064
HRA: ₹16,819
TA: ₹3,600
Total Salary (Gross): ₹76,483
Net Salary (Net): ₹70,627
Level-6: Grade Pay ₹4200
Existing Basic Pay: ₹35,400
Estimated Basic Pay (1.92): ₹67,968
HRA: ₹20,390
TA: ₹3,600
Total Salary (Gross): ₹91,958
Net Salary: ₹84,711
Level-7: Grade Pay ₹4600
Current Basic Pay: ₹44,900
Estimated Basic Pay (1.92): ₹86,208
HRA: ₹25,862
TA: ₹3,600
Gross: ₹115,670
Net Salary: ₹99,739
New Fitment Factor and Salary Formula
The fitment factor is the coefficient used to convert the previous basic pay to the new basic pay. In the 7th Pay Commission, it was 2.57, but it is expected that in the 8th Pay Commission, it may be close to 1.92. This factor brings the biggest change in your salary.
New Salary Formula:
New Basic Pay = Old Basic Pay x New Fitment Factor
Total Salary = New Basic Pay + HRA + TA + Other Allowances
Net Salary = Total Salary – Deductions (NPS, CGHS, Income Tax)
Note: In this estimated calculation, Dearness Allowance (DA) is considered as 0%, because in the new pay commission, DA is included in the basic salary. This is just an example so that you can estimate your future salary.