
8th Pay Commission: Central employees are eagerly waiting for the eighth pay commission to be implemented. Pay Commission is formed by the Central Government for revision in the salary of central employees and pensioners every ten years. Earlier this year, the Union Cabinet approved the formation of the Eighth Central Pay Commission. It is expected that it will be implemented in 2027.
After this, there is going to be a tremendous change in the salary structure of central employees across the country. However, the Terms and References of the Pay Commission members, chairman and the new pay commission have not been announced yet. But it is believed that this time the salary of central employees is going to increase tremendously.
How will salary be decided?
The Pay Commission is formed by the Central Government for a special time, which determines the salary structure of the central employees. Its effect is not only on the basic pay and other allowances, but pensioners also get the benefit of this. The Eighth Pay Commission will replace the Seventh Pay Commission, which was implemented in the year 2016.
Pay matrix is prominent in the recommendation of the Central Pay Commission. This is the system that determines salary based on levels and service time. It is believed that the Central Central Pay Commission can be increased from 2.57 to 2.86 this time.
How much salary will increase?
For example, if an employee’s salary on Pay Level-1 is currently Rs 18000, then his salary can increase to Rs 51,480 after the eighth pay commission is implemented. The salary of level two staff can increase from 19,900 to Rs 56,914, the salary of Level 3 can increase by Rs 21,700 to Rs 62,062.
Similarly, by increasing the salary of Level 6, it can increase by Rs 35400 to above Rs 1 lakh. At the same time, Level 10 officers, including IAS and IPS, can increase their salary from Rs 56,100 to Rs 1.6 lakh.
Also read: Gold shine in this company shares, 5 percent upper circuit