Salary Hike: The central government will soon be making a big announcement for government servants and pensioners. As per the novelty, the central government is said to be gearing up to institute the 8th Pay Commission, which will hike employee salaries massively. It is also said that there will be the multiplicity of dear allowance and dearness relief. Let’s know about this news in detail.
Basic salary will increase
Latest information says that the government intends to introduce the 8th Pay Commission for its employees and pensioners, the terms of which are being discussed to enhance benefits accorded to them. Experts say that those with the present salary of Rs 20,000 can expect to find themselves at Rs 36,000 in the new pay commission. Under such conditions, it is said that the basic salary of the employees should increase up to 174 percent.
Fitment factor will also increase
As you all know, the 7th Pay Commission has 2.57 percent fitment factor at the moment, yet information received states that under the new pay commission, this factor will rise to 2.87 percent. Let us tell you that after the implementation of the new pay commission, the salary of those who have a salary of Rs 18,000 would get an increment of Rs 500, thus their salary will be Rs 18,500.
When will the new pay commission be implemented?
on your information, let us tell you that each 10 years a new pay commission is implemented through the central government, as you all might also know that the 7th Pay commission was implemented in 2014, in this type of situation, many media reports and experts are telling that the 8th Pay fee can be released in the early months of next year i.e. 2025. allow us to inform you that at present the government has now not officially shared any data related to this.
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