2 days ago

8th Pay Commission: Higher increments could add ₹29 lakh

8th Pay Commission: Higher increments could add ₹29 lakh
8th Pay Commission salary hike: How a 7% annual increment could mean ₹29 lakh extra pay in 10 years · livemint.com

Some central government employee groups want yearly salary increases to be bigger than the current 3%.

They have asked for increases ranging from 5% to 7%.

The 8th Pay Commission is still listening to employees and other groups.

It has not yet decided the new salary rules.

One example starts with a Level 8 employee earning ₹47,600 in basic pay.

If a guessed fitment factor of 2.15 were used, the starting basic pay would become ₹1,02,340.

With a 7% yearly increase, the employee could earn about ₹29 lakh more in total basic pay over 10 years than with a 3% increase.

This is only a mathematical example, not a promised payment.

Actual salary would also depend on allowances, taxes and deductions.

Key facts

Current annual increment
3%
Organisational demands
5% from IRTSA, 6% from NC-JCM, AIDEF and FNPO, and 7% from AINPSEF
Illustrative employee
Level 8 employee with current basic pay of ₹47,600
Hypothetical fitment factor
2.15, which would produce an illustrative basic pay of ₹1,02,340
Ten-year cumulative basic pay at 3%
Approximately ₹1.41 crore
Ten-year cumulative basic pay at 7%
Approximately ₹1.70 crore
Difference between 3% and 7%
Approximately ₹28.89 lakh over 10 years
Status
The fitment factor and annual increment rate have not been finalised by the commission or the government.

Sources

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