8th Pay Commission: The Central Government announced the 8th Pay Commission in January 2025 in January. The decision has been taken a year before the existing pay structure ends, which is ending in December 2025. More than 50 lakh central employees and more than 65 lakh pensioners of the country are expecting this commission that their salary and pension will increase significantly.
Government started preparations for commission
According to media reports, the government has started the process of appointments to 42 important posts for the 8th Pay Commission. It also includes the appointment of chairpersons and advisors. As soon as the Terms of Reference (Tor) of the Commission are fixed, its work will start.
Fitment Factor: Formula of salary hike
Fitment factor plays the most important role in salary hike. It is a multiple from which the old basic salary is converted into a new salary.
New Basic Salary = Old Basic Salary × Fitment Factor
The Fitment Factor in the 7th Pay Commission was 2.57. For example, if an employee’s old basic salary was Rs 10,000, the new salary was Rs 10,000 × 2.57 = 25,700 rupees.
Now if the fitment factor is increased to 2.86 in the 8th Pay Commission, then the salary may increase by more than 15%.
Understand by example
10,000 rupees Basic salary is now getting Rs 25,700, which can increase to Rs 28,600
Those with Rs 20,000 now get Rs 51,400, which can increase to Rs 57,200
Basic people are now getting Rs 77,100, which can increase to Rs 85,800
40,000 rupees are getting Rs 1,02,800, which can increase to Rs 1,14,400
What is the status now?
The government has not yet officially announced the revision in salary, allowances and pension. But it is expected that these changes will be applicable in 2025. Employees are also wishing that this time a uniform fitment factor should be placed at all levels, so that salary structure is easier.
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