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India.com
9 hours ago
- India.com
8th Pay Commission BIG Update: Revised Salary Estimates for Grade Pay 2400, 4200, 4800, 7600, 8700 employees, HRA, CGHS, TA, NPS likely to…
8th Pay Commission Latest Update 8th CPC Salary Projections: The Modi government has started consultations with key stakeholders, including the Ministry of Home Affairs, the Ministry of Defence, Department of Personnel and Training, and state governments, as part of the process to constitute the 8th Central Pay Commission (CPC). Once the 8th CPC is constituted, submits its recommendation report, and receives government approval, central government employees will get a clear picture of the extent of their salary revision. It is important to note that the increased payouts will depend on the fitment factor that the 8th Pay Commission decides on. The fitment factor was 2.57 for the 7th Pay Commission. It may be in the range of 1.92 to 2.86 in the 8th CPC, as per many expert opinions and estimates. How fitment factors of 1.92, 2.28, or 2.57 may impact Grade Pay 1900, 2400, 4600, 7600, and 8900 employees' basic salary, house rent allowance (HRA), transport allowance (TA), National Pension System (NPS) and Central Government Health Scheme (CGHS) amounts, know in this story through calculation examples. We will calculate HRA at 24 per cent of the employee's basic salary (for employees residing in X class cities), and TA meant for higher TPTA cities (which is in the range of Rs 1,350 to Rs 7,200 for employees at different levels). Since NPS is calculated at 10 per cent of the basic salary of the employee, we will keep it at the same level. CGHS will be calculated as per the current rates. At 1.92 fitment factor Revised basic pay: Rs 54,528 HRA: Rs 13,086.72 TA: Rs 3,600 Gross salary: Rs 71,214.72 NPS: Rs 5,452.80 CGHS: Rs 250 Net salary: Rs 65,511.92 At 2.57 fitment factor Revised basic pay: Rs 72,988 HRA: Rs 17,517.12 TA: Rs 3,600 Gross salary: Rs 94,105.12 NPS: Rs 7,298.80 CGHS: Rs 250 Net salary: Rs 86,556.32 At 1.92 fitment factor Revised basic pay: Rs 73,152 HRA: Rs 17,556.48 TA: Rs 3,600 Gross salary: Rs 94,308.48 NPS: Rs 7,315.20 CGHS: Rs 250 Net salary: Rs 86,743.28 At 2.57 fitment factor Revised basic pay: Rs 97,917 HRA: Rs 23,500.08 TA: Rs 3,600 Gross salary: Rs 1,25,017.08 NPS: Rs 9,791.70 CGHS: Rs 250 Net salary: Rs 1,14,975.38 At 1.92 fitment factor Revised basic pay: Rs 1,12,512 HRA: Rs 27,002.88 TA: Rs 3,600 Gross salary: Rs 1,43,114.88 NPS: Rs 11,251.20 CGHS: Rs 650 Net salary:Rs 1,31,213.68 At 2.57 fitment factor Revised basic pay: Rs 1,50,602 HRA: Rs 36,144.48 TA: Rs 3,600 Gross salary: Rs 1,90,346.48 NPS: Rs 15,060.20 CGHS: Rs 650 Net salary: Rs 1,74,636.28 At 1.92 fitment factor Revised basic pay: Rs 1,53,984 HRA: Rs 36,956.16 TA: Rs 7,200 Gross salary: Rs 1,98,140.16 NPS: Rs 15,398.40 CGHS: Rs 650 Net salary: Rs 1,82,091.76 At 2.57 fitment factor Revised basic pay: Rs 2,06,114 HRA: Rs 49,467.36 TA: Rs 7,200 Gross salary: Rs 2,62,781.36 NPS: Rs 20,611.40 CGHS: Rs 650 Net salary: Rs 2,41,519.96 At 1.92 fitment factor Revised basic pay: Rs 1,85,472 HRA: Rs 44,513.28 TA: Rs 7,200 Gross salary: Rs 2,37,185.28 NPS: Rs 18,547.20 CGHS: Rs 650 Net salary: Rs 2,17,988.08 At 2.57 fitment factor Revised basic pay: Rs 2,48,262 HRA: Rs 59,582.88 TA: Rs 7,200 Gross salary: Rs 3,15,044.88 NPS: Rs 24,826.20 CGHS: Rs 650 Net salary: Rs 2,89,568.68 (Disclaimer: These are projections. Actual revised amounts may vary.) We have calculated the estimated revised basic pay, HRA, TA, NPS, and CGHS payouts at 1.92, 2.28, and 2.57 fitment factors. We have taked the HRA as 24 per cent of the employee's basic salary, TA for higher TPTA cities, and CGHS at current rates. We will take 2 basic pays each from Pay Grades 1900, 2400, 4600, 7600, and 8900.
Time of India
2 days ago
- Time of India
Punjab govt eases family pension rules for NPS employees
Chandigarh: Punjab finance minister Harpal Singh Cheema on Saturday announced that the finance department had withdrawn a key option clause for new pension scheme (NPS) employees to receive family or invalid pension. Terming it a move to support the families of state govt employees, he said this decision comes after the govt recognised the undue hardship caused to the families of employees who died in harness, as most did not formally exercise this option. In a press statement, Cheema said the govt previously extended additional relief in the form of a family or invalid pension to NPS employees who became disabled or died while in service through finance department instructions dated Oct 8, 2021. However, Clause 6 of these instructions required both existing and newly recruited employees to choose within a specific timeframe whether they wanted to receive the family or invalid pension or the benefits of the NPS scheme. He said that this condition created significant difficulties for families who were unaware of the requirement or were unable to complete the process. Cheema said the finance department has now deleted Clause 6 of the instructions on June 27, 2025, to rectify the issue. He said this change, which was initially implemented for Punjab govt NPS employees, has now been extended to include NPS employees of boards, corporations, public sector undertakings (PSUs), and state autonomous bodies (SABs). "This ensures that all employees under the NPS are now eligible for the additional relief without having to formally exercise the option," he added. MSID:: 123061299 413 | Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
India.com
2 days ago
- India.com
8th Pay Commission big update: What will the gross salary of Level-6 employees with basic pay, fitment factor, HRA, TA?
Representational Image 8th Pay Commission salary calculator: Millions of Central government employees are eagerly awaiting the announcement and the implementation of the 8th Central Pay Commission (CPC), and many are wondering how much their net salaries will increase after the 8th CPC comes into effect. Level-6 (Grade Pay-4200) employees currently have a basic salary of Rs 35,400, here's how much increment they can expect after factoring in the fitment factor, allowances and deductions. How much salary will Level-6 employees get after 8th CPC? Akin to previous pay commission, the key to finding out your future salary is the fitment factor, which was 2.57 in the 7th Pay Commission, and based on estimates, will 1.92 for the 8th Pay Commission. Based on the fitment factor, the new basic pay for Level 6 central employees will be Rs 67,968, (current basic pay Rs 35,400 x 1.92 = Rs 67,968). So the basic pay of Level 6 employees will increase to nearly Rs 68,000, and various allowances will be added which will us the net monthly salary for this pay scale. Dearness Allowance (DA) will be reset to zero after the 8th Pay Commission is implemented as old inflation is adjusted in the basic pay itself, while House Rent Allowance (HRA) will be given to employees based on the cities, towns they reside in. For X-category cities like Delhi and Mumbai, employees can expect up to 30% HRA of the new basic pay, while Travel Allowance (TA) for major cities will be Rs 3,600, based on the current calculations. What will be the net salary? Based on the above calculations and basic pay of Rs 67,968, the monthly gross salary of Level-6 employees will be Rs 91,958, after adding Rs 20,390 HRA and Rs 3,600 TA. However, the in-hand salary of net monthly salary will not be same and can only be calculated after factoring in the deductions. NPS deduction equals 10% of your basic pay + DA, which translated to Rs 6,797 for Level 6 employees, while the estimated CGHS Deduction will be Rs 450, so your estimated net salary will be Rs 84,711 per month (Rs 91,958 – Rs 7,247). When will 8th Pay Commission be implemented? If we go by the implementation of previous pay commissions, it usually takes about 18 to 24 months for the government to implement the recommendations. Thus, its unlikely that 8th Pay Commission would be implemented before mid-2027. Currently, 7th Pay Commission recommendations are in force, and will remain so till December 2025. A new pay commission is constituted every 10 years which tenders suggestions for revision of salary and pension of central government employees and pensioners in wake of the prevailing economic scenario in the country. The 8th Pay Commission was announced by the Union government in January this year.
