8th Pay Commission: How much will the salary of central employees increase on 2.86 fitment factor? Understand the calculation

8th Pay Commission Salary Calculations: The fitment factor is used to calculate the revised basic salary of central government employees and pensioners in the new pay commission.

8th Pay Commission Salary Hike: After the approval of the 8th Pay Commission, central employees and pensioners are waiting to know what will be the fitment factor in the recommendations of the 8th Pay Commission. Let us tell you that the central government is planning to set up the Eighth Central Pay Commission (8th Central Pay Commission Implementation) in December this year and there are also reports that the posts in the new commission are expected to be filled soon.

Fitment factor yet to be decided

The government has started the process of filling 42 vacancies including the post of Advisor and Chairman for the 8th Pay Commission. It is expected that after the Term of Reference (ToR) is finalized, work will start on other aspects including deciding the fitment factor (8th Pay Commission Fitment Factor). Fitment factor is a special factor for calculation of salary and pension (8th Pay commission Salary Pension Calculation).

What is the fitment factor? (What Is the Fitment Factor?)

The fitment factor is used to calculate the revised basic salary of Central Government Employees and pensioners in the new pay commission (8th Pay Commission Basic Salary Calculator). The fitment factor decides how much increase can be made from the old salary structure to the new salary structure (8th Pay Commission Salary Structure).

Understand the calculation in simple words (8th pay commission salary calculator):

New basic salary = Old basic salary × Fitment factor

Let us tell you that under the 7th Pay Commission, the Fitment Factor was fixed at 2.57. For example, suppose an employee’s basic salary was Rs 15,000 under the 6th Pay Commission, then his new basic salary under the 7th Pay Commission will be:

Rs 15,000 × 2.57 = Rs 38,550

How much will the employees benefit from the fitment factor of 2.86?

If the news is to be believed, the fitment factor in the 8th Pay Commission can be fixed between 1.92 to 2.86. Let us understand with an example how much the basic salary of central employees will increase due to this.

For example, if the current basic salary of an employee is Rs 25,000, then his new basic salary after using the fitment factor of 2.86 under the 8th Pay Commission will be: Rs 25,000 × 2.86 = Rs 71,500.

The post 8th Pay Commission: How much will the salary of central employees increase on 2.86 fitment factor? Understand the calculation first appeared on informalnewz.

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