8th Pay Commission: The central government recently approved the Terms of Reference (ToR) for the 8th Pay Commission. This commission will review the salaries of central government employees and the pensions of retired employees . It is believed that the 8th Pay Commission will be implemented on January 1, but salary increases will take some time. Let’s find out whether the HRA will also increase after the implementation of the 8th Pay Commission.
What will increase in the 8th Pay Commission?
The implementation of the 8th Pay Commission may also increase several allowances. These allowances include house rent allowance (HRA), travel allowance (TA), education allowance, and medical allowance. It is believed that a significant increase in the basic salary of employees is possible.
What is ToR?
Under the 8th Pay Commission’s Terms of Reference (ToR), the Commission will assess whether the salaries, allowances, and other benefits provided to central government employees and pensioners are appropriate in light of current circumstances. The Commission will also consider the country’s economic situation, budgetary constraints, and the impact on state governments. It will also need to assess the benefits available to employees in private and government companies.
The command of the 8th Pay Commission has been handed over to former Supreme Court judge Justice Ranjana Prakash Desai. Along with this, two other people have been made members of the commission. These three will jointly review the salaries. It is believed that this time the salary may increase by 30-35 percent. If this happens, then the basic pay of an employee whose basic pay is 18 thousand rupees can reach 33 thousand to 44 thousand rupees. It should be noted that the last time the 7th Pay Commission was formed in the year 2014 and its recommendations were implemented from January 1, 2016.