When will the 8th Pay Commission be implemented, how much salary will increase for Central govt employees? Here's what we know
The 8th Pay Commission may revise the fitment factor between 1.83 and 2.46, potentially raising the minimum basic salary from Rs 18,000 to between Rs 32,940 and Rs 44,280. It will also aim to better align dearness allowance and pensions with inflation.
A report release by Goldman Sachs few months back talked about the expectations from the 8th Pay Commission. The report said that the salaries of Central government employees may increase by Rs 14,000 to Rs 19,000 per month after the implementation of the 8th Pay Commission report, as reported by news agency IANS.
The global financial services firm also said in its report that around 50 lakh Central government employees and 65 lakh pensioners are expected to benefit from the pay revision. Readers should note that central government employees earn a median monthly salary of Rs 1 lakh before tax as of date.
(With inputs from agencies)
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