8th Pay Commission : Salary will increase three times in the 8th Pay Commission: My dear friends, a very good news has come out for all the employees of the country. This news has come for all the employees that your salary will increase three times in the 8th Pay Commission.
You will get to read all the news about when this will be implemented through this article, so all the employees are requested not to forget to read the post till the end.
Know what is 8th Pay Commission
You will get to read the information about 8th Pay Commission in detail here. Let us tell you that 8th Pay Commission is an exercise organized by the government to revise the salary structure of central government employees.
It not only affects the basic salary and allowances of government employees, but also affects child pension as well as retirement benefits. The 8th Pay Commission is going to replace the 7th CPC,
This was implemented by the government in the year 2016. At the core of the CPC’s recommendation is the Pay Matrix, a system that determines salary based on stars and years of service.
The fitment factor, which multiplies the existing pay to arrive at the new basic pay, is likely to be increased from 25.7 (under 7th CPC) to 2.86 under 8th CPC, as per media reports.
How much can the salary increase
For example, I would like to tell you that the employees of pay level one who are currently getting a basic salary of Rs 18000 are likely to get a benefit of up to Rs 5,1480. At the same time, the employees of level 2 are likely to get a benefit ranging from Rs 19900 to Rs 56914.
Under Level 3, the employees are expected to get an increase from Rs 21700 to Rs 62062. It is estimated that the level 6 basic salary will increase from Rs 35000 and will exceed Rs 100000.
Along with this, it is estimated that entry level IAS and IPS officers including level 10 officers will get benefits ranging from ₹56100 to 1.6 lakh.
Know when it will be implemented
First of all, we would like to tell you that more than 1.2 crore central government employees and pensioners are eagerly waiting for the increase in their salary and pension.
Also, news is coming out that the 8th Central Pay Commission (CPC) approved by the Union Cabinet earlier this year is likely to be implemented around 2027.
