8th Pay Commission Formula:
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The 8th Pay Commission is expected to revise salaries and allowances for central government employees in India. It follows previous pay commissions that typically recommend salary increases through a fitment factor.
The calculator uses the following formulas:
Where:
Explanation: The formula first calculates the new basic pay by applying the fitment factor, then adds various allowances calculated as percentages of the new basic pay.
Details: Accurate salary calculation helps government employees understand their revised compensation structure and plan their finances accordingly.
Tips: Enter your current basic pay, expected fitment factor (2.57 was used in 7th Pay Commission), DA percentage, HRA percentage, and any fixed allowances.
Q1: When will the 8th Pay Commission be implemented?
A: The exact timeline is not yet announced, but it's typically implemented every 10 years.
Q2: What was the fitment factor in 7th Pay Commission?
A: The 7th Pay Commission used a fitment factor of 2.57.
Q3: Are allowances also multiplied by the fitment factor?
A: No, only basic pay is multiplied. Allowances are calculated as percentages of the new basic pay.
Q4: Will this calculator give exact salary under 8th Pay Commission?
A: This provides an estimate based on expected formula. Actual implementation may vary.
Q5: How is HRA calculated?
A: HRA is calculated as a percentage of new basic pay, with rates varying by city classification.