What’s inside:
This article explains the expected salary changes for Level-8 central government employees under the 8th Pay Commission.
The excitement among central government employees is growing as they await the 8th Pay Commission. Everyone is curious about how much their salaries will increase once it is implemented.
Currently, we will focus on Level-8 employees, who have a Grade Pay of ₹4,800. Many are wondering if their net salary will exceed ₹1 lakh after the new pay commission is introduced.
For Level-8, the estimated new basic pay is expected to be ₹91,392, calculated using a fitment factor of 1.92. This means their total gross salary could reach around ₹1,22,410, which includes House Rent Allowance (HRA) and Travel Allowance (TA).
Important points to note include: 1) The Dearness Allowance (DA) will be zero as it will merge into the new basic salary. 2) The new gross salary will be calculated after deductions for NPS, health contributions, and income tax. 3) The estimated net in-hand salary after deductions could be around ₹1,04,900.
As the 8th Pay Commission is finalised, employees should prepare for these salary updates. More details will be shared once the official announcement is made.
Summary:
- Central employees are eager for the 8th Pay Commission details.
- Level-8 employees may see their salaries rise significantly.
- New basic pay is estimated at ₹91,392 for Level-8.
- Dearness Allowance will become zero with the new pay structure.
- Net in-hand salary could be around ₹1,04,900 after deductions.
