8th Pay Commission: Fitment Factor Range 1.83 To 2.46, Says Brokerage — Check Expected Salary Hike

Good news for government employees, salary will increase by this much from the 8th Pay Commission!

Crores of government employees and retired employees are eagerly waiting for the implementation of the 8th Pay Commission. Meanwhile, a news has increased their happiness further. A report in The Economic Times says that with the implementation of this pay commission, the salary of employees can increase by 30 to 34 percent. Brokerage firm Ambit Capital has claimed in its report that salaries and pensions can be increased by 30-34%, which will b…

7th Pay Commission: New update central employees and pensioners! DA-DR can be increase up to 60%, know the update - Business League

7th Pay Commission: According to the data of AICPI-IW, this time government employees and pensioners can get the gift of 3 to 4 percent increase in DA and DR, which will be considered effective from July 1. Under the 7th Pay Commission, the Central Government gives the gift of DA Hike to the employees twice a year from January and July. However, it is announced only after a few months. This time also, government employees and pensioners are wait…

8th Pay Commission: Fitment Factor Range 1.83 To 2.46, Says Brokerage — Check Expected Salary Hike

8th Pay Commission: The fitment factor—the multiplication unit used for revision—is likely to be in the range of 1.83 to 2.46, the brokerage said in the note dated July 9. If multiplied with 1.83—the lower end of the fitment factor range shared by Ambit Capital—the minimum salary could rise to Rs 32,940 (Rs 18,000 x 1.83). At the upper end of the estimated range, the minimum salary could surge to Rs 44,280 (Rs 18,000 x 2.46).