Categories: Finance

8th Pay Commission: Preparation for 8th Pay Commission after formation of government. check here

Government Employees: The 7th Pay Commission was implemented in January 2016. It is about to complete 10 years. Now the new government can soon announce the formation of the next Pay Commission.

After the Lok Sabha elections, Prime Minister Narendra Modi has taken oath as the Prime Minister of the country for the third consecutive time. Along with him, the ministers of the new government have also taken oath. Now the discussion has started in the country regarding the 8th Pay Commission. The 8th Pay Commission is likely to be implemented from January 2026. The central government implements a new pay commission every 10 years. The 7th Pay Commission was implemented in January 2016. In such a situation, the new government can start preparations for the next pay commission soon.

when will the 8th pay commission be implemented

More than one crore central government employees and pensioners are eagerly waiting for the formation of the 8th Pay Commission. This commission will submit its recommendations to the government regarding the increase in the salary of government employees. The recommendations of the 8th Pay Commission can be implemented from January 2026. The first Pay Commission in India was set up in January 1946.

Also Read : Modi 3.0 govt proposes 50 percent assured pension for central govt Employees

The new government can take a decision soon

However, the government has not yet made any formal announcement regarding the formation and implementation of the 8th Pay Commission. Last December, the government had said that there is no plan to establish the 8th Pay Commission at present. Now that the national elections are over, there is a strong possibility that the government may take decisive steps towards the formation of the commission.

How much increase is expected in salary

The formation of the 8th Pay Commission will benefit about 49 lakh government employees and 68 lakh pensioners. It is expected that their salary will also be increased with the increase in the fitment factor under the 8th Pay Commission. According to the Financial Express report, the fitment factor is likely to be set at 3.68 times. With the minimum basic salary of government employees being Rs 18,000, the increase in the fitment factor will increase their basic salary by Rs 8,000 to Rs 26,000. The fitment factor is a key formula that helps in calculating the salary and pay matrix of employees under the 8th Pay Commission.

Salary was increased by 14% by 7th Pay Commission

In the 7th Pay Commission, a fitment factor of 2.57 times was introduced. Due to this, the salary of the employees increased by about 14.29 percent. Also, the minimum salary was also increased to Rs 18 thousand. Through the 8th Pay Commission, not only will the inequalities related to salary be removed, but the effect of inflation is also expected to reduce. This will also increase the benefits during retirement.

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