8th Pay Commission announced: How much salary hike central government employees can expect, how to calculate it

economictimes.indiatimes.com:

8th Pay Commission for the central government employees. The approval for the setting up of the commission was announced by the Information and Broadcasting Minister, Ashwini Vaishnaw in today’s press briefing. The announcement for pay commission has come after the dearness allowance went above 50% of the basic salary of central government employees.

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Effective from July 1, 2024, central government employees and pensioners are entitled to 53% of their basic pay as dearness allowance/relief. The central government employees and pensioners are due for a hike in dearness allowance/relief from January 2025. Currently, government employees are receiving their salaries and pensions on the basis of recommendations made by the 7th Pay Commission. The Pay Commission recommendations were implemented from January 1, 2016 onwards. Though the 8th Pay Commission recommendations will be announced later, going from the past pay commissions, how much average salary hike can be expected by the central government employees.

Expected salary hike union government employees can expect

Krishnendu Chatterjee, Vice President at TeamLease says, “The Last Pay Commission was established in 2016, which recommended the minimum pay jump from 7,000 per month to 18,000 per month with a fitment factor of 2.57 times of basic pay. The maximum ceiling is 2.5 lakhs per month. Considering the inflation factor, there are indications that the fitment factor may stay between 2.5- 2.8 times, which will give a significant boost to employee salaries