8th Pay Commission: Bumper increase in salary of 4200 grade-pay employees possible, figure may go above Rs 1 lakh
The movements regarding the 8th Pay Commission for central employees have now become very intense. Everyone is curious to know how much money will increase in their pockets after the implementation of the new pay commission. Meanwhile, especially the eyes of the employees falling in 4200 grade pay i.e. pay level-6 of the 7th Pay Commission are completely focused on how big a jump there can be in their initial basic salary after the introduction of the new rules. Talking about the present time, under the 7th Pay Commission, Level-6 employees get Rs 35,400 as initial basic salary. But now experts and media reports are speculating that on the basis of fitment factor in the 8th Pay Commission, there may be a huge change in this minimum pay scale, which will completely change the financial condition of the employees.
Fitment factor will decide your new basic salary
Fitment Factor is going to be the biggest and main basis of the new basic salary of government employees in the 8th Pay Commission. Although no final fitment factor has been decided by the government yet, a rough estimate of the increase in salary is being made on the basis of different possible figures. If the government keeps the fitment factor at the level of 1.92 in the coming time, then the basic salary of 4200 grade-pay employees can increase to about Rs 67,968. This simply means that compared to the existing basic pay, employees will get the benefit of a direct increase of about Rs 32,568. On the other hand, if there is a slightly more positive trend and the fitment factor is fixed at 2.28, then the basic salary of the employees may jump to around Rs 80,712. In this situation the employees A huge increase of up to Rs 45,312 is expected in the account.
Not only this, if the scale of fitment factor goes up a little further to 2.86, then the starting basic salary of 4200 grade-pay employees can touch the magic figure of around Rs 1,01,244. Apart from this, various central employee organizations are continuously demanding fitment factor ranging from 3.0 to 3.10. If the government fully accepts this demand of the employees, then the starting basic salary of Level-6 employees can be more than Rs 1.07 lakh per month. Along with basic pay, there will be a big impact on gross salary also. The total earnings of government employees are not determined only by their basic pay. Many other important allowances including Dearness Allowance (DA), House Rent Allowance (HRA) and Transport Allowance (TA) are also added to this total salary.
If the fitment factor in the 8th Pay Commission is considered fixed at the medium level i.e. around 2.28, then as per the estimate the basic salary of 4200 grade-pay employees will be fixed at around Rs 80,712. After this, when dearness allowance and all other allowances are included, the total gross salary of the employees can reach approximately Rs 1.19 lakh per month. Employees are also eyeing the outstanding arrears After the full implementation of the recommendations of the 8th Pay Commission, employees are expected to get another big relief, and that is their outstanding arrears. Since the process of constituting the new Pay Commission may take a long time to be completed, reviewed and the final decision delivered by the Government, it is extremely important to pay the outstanding amount as arrears for the period between the official date of implementation of the Commission and commencement of actual payments. Will be important.
However, the entire structure of the new salary and the actual picture of arrears will become completely clear only when the Central Government officially announces the new fitment factor and gives its green signal to the final recommendations of the Commission. Till then the employees will have to wait for the next step of the government.