8th Pay Commission Salary Calculator: For central government employees, the wait for the 8th Pay Commission now seems to be a guest of just a short time. Everyone has the same question in their mind that how much will be the increase in their salary, especially how much money will come in the pockets of the employees of Level-2 (GP-1900)? What will be the new basic-pay? What will be the fitment factor? And what will be the total net salary after adding HRA (House Rent Allowance) and TA (Travel Allowance) to all this?
If all these questions are roaming in your mind too, then we will clear all your curiosity. Today we will tell you how the complete calculation of your increased salary can look on the basis of an ‘8th CPC Salary Calculator’. So let’s know how much new net salary can be made at Level-2.
What will be the Fitment Factor?
The fitment factor plays the most important role in deciding the basic salary of central employees. In the 7th Pay Commission, it was 2.57, due to which the minimum salary increased from Rs 7,000 to Rs 18,000. Now there are different estimates regarding the fitment factor in the 8th Pay Commission – 1.92, 2.08 and 2.86. This will decide what will be the new salary of the employees.
In many reports, the possibility of keeping the fitment factor around 1.90 or 1.92 has been expressed on the lines of the old pay commissions. The fitment factor of the 8th Pay Commission has not been officially decided yet, so we are using a possible fitment factor (1.92) in the calculations given here.
According to the above calculator, we have seen the calculation on Level-2, Grade Pay 1900 in the 8th Pay Commission. In this grade, the current basic pay as per the 7th Pay Commission is Rs 19,900. The fitment factor in this is considered to be 1.92, which makes the revised basic pay Rs 38,208 (Rs 19,900 x 1.92). Rs 9,170 has been shown as HRA (House Rent Allowance).
This amount varies according to the category (X, Y, Z) of the employee’s city and changes in the rates of HRA are also possible in the 8th Pay Commission. Rs 1,350 has been added as Travel Allowance (TA), which depends on the category of the city and pay level. Travel Allowance (TA) has been calculated according to the higher TPTA city.
All these add up to a total gross salary of Rs 48,728. However, this is not the final take-home salary. Government employees also have to pay NPS contribution (10% of revised basic) which is Rs 3,821, and CGHS contribution. After these deductions, the estimated net salary (take-home salary) at Level-2 will be Rs 44,657. Dearness Allowance (DA) has been kept zero in the entire calculation, because whenever a new pay commission is implemented, dearness allowance is made zero and then its calculation starts again based on the new index.