Suspense over the 8th Pay Commission among millions of government employees of the country remains intact. There are constant questions in his mind that after the implementation of the 8th Pay Commission, how much will his salary increase and how much will he benefit from it.
Let us tell you that the increase in salary of any employee will depend on the fitment factor. At present, no formal announcement has been made by the government in this regard. However, in several reports, an important aspect of the Pay Commission has been pointed out to debate the fitment factor.
This is because the fitment factor is the main component of the formula which will help the authorities in preparing a new salary structure for millions of government employees. With rising inflation, some people argue that the Central Pay Commission (CPC) will also revise the fitment factor. Let us tell you that whenever new conditions are announced under the 8th Pay Commission, it will change the salary structure of more than 50 lakh employees and 65 lakh pensioners. So, if you are also a government employee, then this news is very important for you.
What will be the fitment factor of the 8th Pay Commission?
One of the most talked about subjects under the 8th Pay Commission is that this time CPC can take a fitment factor of 2.86. Although no official announcement has been made in this regard, experts argue that in view of the current inflation and previous trends, 2.86 seems to be the most suitable fitment factor in the calculation formula of the 8th Pay Commission. If the government accepts it, then there can be a big boom in the salary of the employees.
If the fitment factor is 2.86, then how much will your salary increase?
If the CPC decides to take the fitment factor of 2.86, it means that there will be a huge increase in salary. The formula to calculate a new growth based on the fitment factor is easy. The new growth is known by multiplying the original salary of the government employee by the fitment factor.
Original Salary X Fitment Factor = New hike
Therefore, if the basic salary is ₹ 10,000 and the CPC fit 2.86 as the Fitment Factor, then there will be a new increase:
2.86 x ₹ 10,000 = ₹ 28,600
Let us tell you that a fitment factor of 2.57 was fixed under the 7th Pay Commission ending December this year. This time if it becomes 2.86, then the salary of the employees will increase directly. This may be a great relief news for government employees, which they are eagerly waiting for.
