Latest news with #8thPayCommission
India.com
a day ago
- Business
- India.com
8th Pay Commission salary calculator: Net salary after applying Level-3 GP-2000 may be..., check details about Basic Pay, Fitment Factor, HRA, TA here
8th Pay Commission salary calculator: Net salary after applying Level-3 GP-2000 may be…, check details about Basic Pay, Fitment Factor, HRA, TA here 8th CPC Salary Calculator: Good news for the employees as the 8th Pay Commission is now in its final phase. The question hovering in every employee's mind is – how much salary hike they will get after the implementation of the 8th Pay Commission? Employees working at Level-3 want to know their salary hike. Based on an estimated '8th CPC Salary Calculator', we will show you the expected calculation of your increased salary at Level-3. What Will Be The Fitment Factor? The fitment factor plays a crucial role in deciding the basic salary of central employees. In the 7th Pay Commission, the fitment factor was 2.57. And because of which the minimum salary increased from Rs 7,000 to Rs 18,000. In the 8th Pay Commission there are different estimates such as – 1.92, 2.08 and 2.86. This will decide the new salary of the employees. According to several reports, the possibility of keeping the fitment factor around 1.90 or 1.92 has been expressed. However, the fitment factor is not yet officially decided.
India.com
3 days ago
- Business
- India.com
8th Pay Commission update: Will salary of government employees increase three times? Know all details
8th Pay Commission update: Will salary of government employees increase three times? Know all details 8th Pay Commission update: Central employees and pensioners across the country are eagerly waiting for the Eighth Pay Commission. This commission can bring a big change in their salary and pension. According to a recent report, the salary of employees can increase by 30 to 34 percent. But how much your salary will increase when the Eighth Pay Commission will be implemented? Actually, the central government constitutes a pay commission every ten years, which revises the salary and pension of central employees, defense personnel and pensioners on the basis of inflation and economic situation. The Eighth Pay Commission is likely to be implemented in 2026 or FY 2027. How much will the salary increase? Experts believe that this time the salary may increase by 30 to 34 percent, which will put an additional burden of about Rs 1.8 lakh crore on the government treasury. Fitment factor is used for salary revision, which increases the existing basic salary according to the new structure. According to a report by Ambit Capital, the fitment factor is likely to be between 1.83 and 2.46. For example, if the minimum salary is Rs 18,000, it can increase to Rs 44,280 if a 2.46 fitment factor is applied. At the same time, an employee with a salary of Rs 50,000 can get a salary of Rs 1.23 lakh (2.46 fitment) or Rs 91,500 (1.83 fitment). Will DA also increase? Apart from this, the commission can also recommend an increase in dearness allowance (DA) and pension revision. This increase in salary will not only be beneficial for the employees, but it will also give impetus to the Indian economy. People will spend more due to the increased salary, which will increase demand in the market and boost economic growth.
NDTV
4 days ago
- Business
- NDTV
8th Pay Commission: Your Complete Guide To The Expected 30-34% Salary Hike For Govt Employees
Central government employees and pensioners across India are eagerly awaiting developments regarding the 8th Pay Commission, which is set to revise their salaries and pensions significantly. A recent report by Ambit Capital has intensified this anticipation, estimating a substantial 30-34% hike in remuneration. If implemented as projected, this revised pay structure is likely to come into effect in 2026 or the financial year 2027, potentially placing an additional burden of approximately Rs 1.8 lakh crore on the government exchequer. Every decade, a commission is constituted to review and revise pay structures for central government employees and pensioners, including defence personnel and retirees; the current structure, based on the 7th Pay Commission, came into effect in January 2016. Analysts expect the 8th Pay Commission to revise the basic pay scale for central government employees, ensure the dearness allowance is in alignment with inflation, and also ensure pension revisions are in line with the new pay structures. The fitment factor is a multiplier used to revise the basic pay of government employees. While initial estimates are being acknowledged for that as well, the aim is to ensure more equitable compensation across roles. The fitment factor is likely to be in the range of 1.83 to 2.46 as per Ambit Capital's report. As per the brokerage's estimated fitment factor range of 1.83-2.46, the minimum pay could increase in the range of Rs 32,940 to Rs 44,280. This calculation is based on the fact that the basic salary is multiplied by the fitment factor to determine the revised wage. Fitment factor is basically what is multiplied by the existing basic pay to calculate the new basic salary under the Pay Commission. If multiplied by 1.83 - the lower end of the fitment factor range shared by Ambit Capital - the minimum salary could rise to Rs 32,940 (Rs 18,000 x 1.83). At the upper end of the estimated range, the minimum salary could surge to Rs 44,280 (Rs 18,000 x 2.46). Similarly, a base salary of Rs 50,000 can rise to Rs 91,500 at the lower end of the fitment factor and Rs 1.23 lakh at the upper end. The next pay revision is expected to be a game-changer, not only for government employees but for the Indian economy as well, as rising take-home pay boosts consumption, housing quality, healthcare access, leisure activities and overall growth.
Business Standard
4 days ago
- Business
- Business Standard
DB Corp slides as Q1 PAT tanks 53% YoY to Rs 81 crore
DB Corp (DBCL) tanked 2.06% to Rs 206.80 after the company reported 52.96% fall in consolidated net profit to Rs 80.84 crore on a 5.15% decline in total revenue to Rs 559.45 crore in Q1 FY26 over Q1 FY25. Profit before tax was Rs 107.61 crore in the first quarter of FY26, down 31.61% year on year. Advertising Revenue stands at Rs 397.80 crore in Q1 FY26 as against Rs 427.70 crore in Q1 FY25, down 6.99%. Circulation revenue stands rose 0.92% year on year to Rs 120.30 crore in Q1 FY26. EBIDTA tanked 27.50% to Rs 138.40 crore in Q1 FY26 as against Rs 190.90 crore posted in Q1 FY25. In the Radio business, Advertising revenue increased by 1.03% YoY to Rs 39.20 crore posted in Q1 FY26 as against Rs 38.80 crore in Q1 FY25. EBIDTA tumbled 12.87% YoY to Rs 11.50 crore in Q1 FY26 as against Rs 13.20 crore in Q1 FY25. Sudhir Agarwal, Managing Director, DB Corp, said, Despite a high base effect from last years general elections, which had driven a temporary surge in advertising revenues, our core performance remained steady supported by stable advertising trends, soft newsprint prices, and disciplined cost structures. Our digital business continues to scale rapidly, with Monthly Active Users reaching the 22 million mark this quarter reinforcing our position as Indias leading Indian language news app platform. We believe the Governments continued focus on enhancing disposable incomes through income tax rationalisation, softening of interest rates, and the anticipated implementation of the 8th Pay Commission later this fiscal, will further stimulate economic activity, particularly across Tier II and beyond markets. This is expected to provide a strong tailwind to Bharats consumption story. Backed by our deep editorial strength, hyperlocal relevance, and continuous product innovation, we remain confident in our ability to drive sustainable growth across both print and digital platforms, while delivering long-term value to all stakeholders. Meanwhile, the companys board of directors has declared an interim dividend of Rs 5 per equity share of face value Rs 10 each. D.B. Corp is engaged in the business of publishing newspapers, radio broadcasting, providing integrated internet and mobile interactive services and event management. Its major brands include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily) and Divya Marathi (Marathi daily).
India.com
4 days ago
- Business
- India.com
8th Pay Commission Big Update: THIS State government prepares budget estimates based on..., over 7 lakh employees to get..., salary hike by...
8th Pay Commission Latest Update New Delhi: The Madhya Pradesh government is reportedly preparing the budget to implement salaries and pensions as per the 8th Pay Commission for around 7.5 lakh regular government employees and 4.5 lakh pensioners. An estimated 15 percent increase in salary and pension is being anticipated. It is important to note that the Modi government has already constituted the 8th Pay Commission and appointed its chairman. The Mohan Yadav-led Madhya Pradesh government is also preparing budget projections for the coming years. A committee has also been formed in this regard. Currently, officials, employees, and pensioners in the state are being paid according to the 7th Pay Commission. Around 33 percent of the total annual budget is currently spent on this. Here are some of the important details: The tenure of the 7th Pay Commission is set to end in December 2025. It is likely that the 8th Pay Commission may submit its report to the central government before that. Once approved, the Madhya Pradesh government will implement the 8th Pay Commission The states will assess their financial situation, and then they will consider the formula prescribed for central government employees. The government accepts the formula for salary and pension hikes, but allowances are often reduced. Under the 7th Pay Commission, a multiplication factor of 2.75 was used to calculate the revised pay, meaning the basic salary was multiplied by 2.75 to determine the new pay scale. At that time, the monthly salary increased by Rs 7,000 to Rs 18,000. Government spending 33 percent of the budget on establishment expenses The 8th Pay Commission could be fixed at around 3 to 3.25 percent, considering inflation and other factors. As a result, the state's establishment expenditure — which currently accounts for 33 percent of the annual budget — may increase to 37 to 40 percent. At present, the Finance Department has directed all departments to prepare establishment expenditure proposals assuming a 3 percent annual salary increase.
