Crores of government employees and retired employees are waiting for the 8th Pay Commission to be implemented. In the meantime, one news has made them happy. A report by The Economic Times says that after the 8th Pay Commission is implemented, the salary of government employees may increase by 30 to 34 percent.
A report by brokerage firm Ambit Capital also says that the salary and pension may increase by 30 to 34 per cent. This will benefit around 1.1 crore people. The new pay scale is expected to start from January 2026. But before that, the report of the Pay Commission has to be prepared, then sent to the government, and approved. Till now, only the announcement has been made. The name of the chairman and his time have not been decided yet.
Who Will Get This Benefit?
Around 1.1 crore people can get the benefit of the 8th Pay Commission. This includes about 44 lakh central government employees and about 68 lakh pensioners. After the 8th Pay Commission is implemented, the basic salary, allowances, and retirement benefits of employees will increase.
What Is the Fitment Factor?
The fitment factor is an important part of deciding the new salary. It is a number that is used to multiply the current basic salary to calculate the new one. For example, the 7th Pay Commission used a fitment factor of 2.57. At that time, the minimum basic salary was increased from ₹7,000 to ₹18,000 per month. According to reports, this time the fitment factor may be between 1.83 and 2.46. The exact number will decide how much salary and pension will increase.
What Is the History of Salary Increase?
Earlier pay commissions have also increased salaries by big margins. The 6th Pay Commission, which came in 2006, increased total salary and allowances by about 54%. After that, the 7th Pay Commission was implemented in 2016. It increased the basic salary and other allowances by 14.3%, and the total increase in the first year was around 23%.
How Is Salary Calculated?
The salary of a government employee includes basic salary, dearness allowance (DA), house rent allowance (HRA), transport allowance (TA), and some other small benefits. Earlier, the basic salary made up 65% of the total salary, but now it is around 50%. The rest comes from different allowances. The final monthly salary is the total of all these parts. Pensioners will also see changes like this, but they do not get HRA or TA.