The most critical factor in increasing salary is the fitment factor.
It is a kind of multiplier by which the new salary is calculated by multiplying the basic pay.
About 44 lakh employees and about 68 lakh pensioners will benefit from the 8th Pay Commission.
According to the report, the salary of lower-level employees may increase by 14% and the salary of higher-level employees may increase by 54%.
The number of government pensioners exceeds that of employees.
Their salary will also increase in accordance with their basic pay and DA. They will not get the benefit of HRA and TA.
The Seventh Pay Commission was implemented in January 2016 and is scheduled to end in December 2025.
During this period, the average salary increase was only 14%, which was the lowest since 1970.