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8th Pay Commission New Salary Calculator: What will be net salary at Level-7 with basic pay, fitment factor, DA, HRA, TA?
8th Pay Commission New Salary Calculator: What will be net salary at Level-7 with basic pay, fitment factor, DA, HRA, TA?

India.com

time5 days ago

  • Business
  • India.com

8th Pay Commission New Salary Calculator: What will be net salary at Level-7 with basic pay, fitment factor, DA, HRA, TA?

8th Commission Salary Calculator: 8th Pay Commission is always the topic of curiosity for central government employees and also among common people. The salary structure is different for government employees at different levels. How much money will Pay Level-7 (GP-4600) employees actually take home? What will be the new basic pay? What fitment factor will be applied? And after adding allowances like HRA (House Rent Allowance) and TA (Travel Allowance), what will be the total net salary? What Is the 8th Pay Commission Fitment Factor? The fitment factor is the multiplier that decides salary hike in every pay commission. It is the figure by which your basic pay is multiplied. In the 7th Pay Commission, it was 2.57. For the 8th Pay Commission, several media reports estimate the most likely scenario is a 1.92 fitment factor. We'll use this as the basis for calculating the salary for Pay Level-7. What Can Be the 8th Commission Salary? Pay Level 7th CPC Basic Pay 1.92 Fitment Factor 2.08 Fitment Factor 2.86 Fitment Factor Level 1 ₹18,000 ₹34,560 ₹37,440 ₹51,480 Level 2 ₹19,900 ₹38,208 ₹41,392 ₹56,914 Level 3 ₹21,700 ₹41,664 ₹45,136 ₹62,062 Level 4 ₹25,500 ₹48,960 ₹53,040 ₹72,930 Level 5 ₹29,200 ₹56,064 ₹60,736 ₹83,512 Level 6 ₹35,400 ₹67,968 ₹73,632 ₹1,01,244 Level 7 ₹44,900 ₹86,208 ₹93,392 ₹1,28,414 Level 8 ₹47,600 ₹91,392 ₹99,008 ₹1,36,136 Level 9 ₹53,100 ₹1,01,952 ₹1,10,448 ₹1,51,866 Level 10 ₹56,100 ₹1,07,712 ₹1,16,688 ₹1,60,446 8th CPC: Level-7 Salary Calculation (Step-by-Step) Let's now do a complete breakdown of the new salary for a Level-7 employee. New Basic Salary Calculation Current Basic Pay (Level-7): Rs 44,900 Estimated Fitment Factor: 1.92 New Basic Pay Calculation: Rs 44,900 × 1.92 = Rs 86,208 The takeaway is that your basic salary will jump from Rs 44,900 to over Rs 86,000. Big Jump in Allowances Now, on this new basic pay, your allowances will be added, making your salary even more attractive. Dearness Allowance (DA): When the new pay commission is implemented, DA will be reset to 0%. House Rent Allowance (HRA): For employees living in X-category cities (like Delhi or Mumbai), this will be 30% of the new basic pay. HRA = Rs 25,862 Travel Allowance (TA): For higher TPTA cities, this will be Rs 3,600. 8th CPC: Gross Salary vs Net Salary Now, let's add everything up to see the total monthly earnings, i.e., the gross salary. Gross Salary Calculation New Basic Salary: Rs 86,208 Dearness Allowance (DA): Rs 0 House Rent Allowance (HRA): Rs 25,862 Travel Allowance (TA): Rs 3,600 Total Gross Salary: Rs 1,15,670 per month This is the amount that will appear on your salary slip. But to know how much will actually reach your bank account, we need to factor in deductions. Net Salary (In-Hand Salary) Calculation NPS Deduction: This is 10% of your Basic Pay + DA. 10% of Rs 86,208 = Rs 8,621 (approx.) CGHS Deduction: For this level, it will be Rs 650. Income Tax (Estimated): Under the new tax regime, around Rs 6,670 per month. So, how much will you take home? Gross Salary: Rs 1,15,670 Total Deductions (NPS + CGHS + Tax): Rs 8,621 + Rs 650 + Rs 6,670 = Rs15,941 Estimated Net In-Hand Salary: Rs 1,15,670 − Rs 15,941 = Rs 99,729 per month

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