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With the arrival of 8th Pay Commission, the minimum basic salary will be Rs 51480, not Rs 18000! Employees’ salary may increase by 186% – 8th pay commission green nod by pm modi government not 18000 but rupees 51480 will be minimum basic salary pension hike employees fitment factor

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8th Pay Commission: Modi government has approved the formation of the 8th Commission. The Central Government has announced the formation of the 8th Central Pay Commission. This commission will make recommendations for revision in the salaries of government employees. This commission has to submit its report by 2026. Union Minister Ashwini Vaishnav said that the Prime Minister has approved the 8th Pay Commission. Soon the Chairman and two members of the Commission will be appointed under this. This step is necessary for the 8th Pay Commission to increase the salary of central employees and pension of pensioners. This announcement is expected to lead to a big increase in the minimum wage of employees. Know here what could be the new salary structure.

Employees’ salaries will increase

Central employees currently get a minimum basic salary of Rs 18,000. With the arrival of the Eighth Pay Commission, the minimum basic salary of employees may increase from Rs 18,000 to Rs 51,480. The government has given approval to bring the 8th Pay Commission. With the implementation of the 8th Pay Commission, the fitment factor used to calculate salary will increase. If this happens, the salary will automatically increase. It is estimated that the government may increase the minimum salary and pension by 186 percent.

Currently the minimum basic salary is Rs 18,000

Employees currently get a minimum basic salary of Rs 18,000 under the 7th Pay Commission. There was an increase of Rs 7,000 in the 7th Pay Commission from the 6th Pay Commission. Now from the 7th Pay Commission to the 8th Pay Commission, the minimum basic salary of Rs 18,000 can increase to Rs 51,480 after the fitment factor of 2.86. 1 crore employees and pensioners will benefit from this.

Pensioners’ pension will increase by 186%

An increase of 186% is also possible in pension, which may increase from Rs 9,000 to Rs 25,740. The recommendations of the 7th Pay Commission came into effect from 2016. There were major changes in salary, pension and allowances. Now with the arrival of the Eighth Pay Commission, the money of both employees and pensioners will increase.

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