When will the 8th Pay Commission be implemented – A big update has come for the government employees who have been eagerly waiting for the eighth pay commission for a long time. A news has come out from sources that the government can take a big decision regarding the formation of a new pay commission? After which there will be a huge jump in the salary of the employees. Let’s know –
8th Pay Commission Latest update – A good news has come out for crores of government employees. Actually, in a few days, Finance Minister Nirmala Sitharaman is going to present the 2024 budget. It is expected that government employees can get a big gift in this budget. Employees have been demanding the Eighth Pay Commission for a long time. Which the government can now implement soon.
A new pay commission is implemented every ten years to change the salary structure of the employees. The last time the Seventh Pay Commission was constituted was in January 2014. At present, the 7th Pay Commission is in force and employees are getting salary under it.
When will the new pay commission be implemented –
When will the new pay commission be implemented –
Government employees are making recommendations of the 8th Pay Commission. The 8th Pay Commission may be implemented from January 2026. Employees will benefit a lot as soon as the 8th Pay Commission is implemented. Come, today we will tell you how much will be the increase in the salary of the employees after the implementation of the 8th Pay Commission?
Employees will get salary of Rs 26000 –
About 1 crore employees will benefit from the implementation of the 8th Pay Commission. There are about 49 lakh employees and 68 lakh pensioners in it.
After the implementation of the 8th Pay Commission, the fitment factor given to the employees will increase, after which the salary of the employees will increase. Fitment factor helps in calculating the salary and pay matrix of the employees.
Currently, 2.57 times fitment factor was introduced in the 7th Pay Commission, after which the minimum salary of the employees increased by about 14.29 percent. After this increase, the basic salary of the employees had become around Rs 18,000.
Now according to media reports, the fitment factor in the 8th Pay Commission can be around 3.68 times. If there is such a fitment factor, then the salary of the employees will increase by about Rs 8,000.
These things will change in the 8th Pay Commission
- Basic salary will increase
- Allowances or allowances will increase
- Pension amount will increase
Budget 2024-25
On 23 July 2024 (Tuesday), Finance Minister Nirmala Sitharaman will present the general budget for the financial year 2024-25. Central employees hope that there will be an announcement regarding the New Pay Commission Update in this budget.
