New Delhi. Every pay commission in India is a major center of expectations of employees. Especially for central government employees, this proves to be a big change in economic life. Now that the discussions of the 8th Pay Commission are gaining momentum, it has become very important to know what will affect the salary of the employees. In this article, we will talk about the possible new salary of employees with ₹ 47,600 Basic Pay (Level 8).
Fitment Factor: Foundation of Pay Commission
The fitment factor has a major role in the recommendations of every pay commission. It is a coefficient that is multiplied by the existing basic pay and a new basic salary is fixed. The Fitment Factor in the 7th Pay Commission was 2.57. As a result, the basic pay of ₹ 7,000 increased directly to ₹ 18,000.
Now that the possibilities of the 8th Pay Commission are being considered, many figures are coming out about the fitment factor. According to some reports, it can range from 1.92 to 2.86. Given the tradition and the current economic situation, 1.92 is considered a practical estimate.
Possible new salary on basic pay of ₹ 47,600
1. If the fitment factor is 1.92:
New Basic Pay = ₹ 47,600 × 1.92 = ₹ 91,392
2. If the fitment factor is 2.08:
New Basic Pay = ₹ 47,600 × 2.08 = ₹ 99,008
3. If the fitment factor reaches 2.86:
New basic pay = ₹ 47,600 × 2.86 = ₹ 1,36,136
This is only the calculation of the basic pay. The actual salary may be more after adding HRA, DA, TA, and other allowances. Explain that employees with ₹ 47,600 basic pay are usually in Pay Level 8, including senior clerks, section officers, junior engineers, and other technical and administrative posts.