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8th Pay Commission BIG Update: Revised Salary Estimates for Grade Pay 2400, 4200, 4800, 7600, 8700 employees, HRA, CGHS, TA, NPS likely to…

8th Pay Commission BIG Update: Revised Salary Estimates for Grade Pay 2400, 4200, 4800, 7600, 8700 employees, HRA, CGHS, TA, NPS likely to…

India.com18 hours ago
8th Pay Commission Latest Update
8th CPC Salary Projections: The Modi government has started consultations with key stakeholders, including the Ministry of Home Affairs, the Ministry of Defence, Department of Personnel and Training, and state governments, as part of the process to constitute the 8th Central Pay Commission (CPC). Once the 8th CPC is constituted, submits its recommendation report, and receives government approval, central government employees will get a clear picture of the extent of their salary revision.
It is important to note that the increased payouts will depend on the fitment factor that the 8th Pay Commission decides on. The fitment factor was 2.57 for the 7th Pay Commission. It may be in the range of 1.92 to 2.86 in the 8th CPC, as per many expert opinions and estimates. How fitment factors of 1.92, 2.28, or 2.57 may impact Grade Pay 1900, 2400, 4600, 7600, and 8900 employees' basic salary, house rent allowance (HRA), transport allowance (TA), National Pension System (NPS) and Central Government Health Scheme (CGHS) amounts, know in this story through calculation examples.
We will calculate HRA at 24 per cent of the employee's basic salary (for employees residing in X class cities), and TA meant for higher TPTA cities (which is in the range of Rs 1,350 to Rs 7,200 for employees at different levels). Since NPS is calculated at 10 per cent of the basic salary of the employee, we will keep it at the same level. CGHS will be calculated as per the current rates. At 1.92 fitment factor
Revised basic pay: Rs 54,528 HRA: Rs 13,086.72 TA: Rs 3,600 Gross salary: Rs 71,214.72 NPS: Rs 5,452.80 CGHS: Rs 250
Net salary: Rs 65,511.92 At 2.57 fitment factor
Revised basic pay: Rs 72,988 HRA: Rs 17,517.12 TA: Rs 3,600 Gross salary: Rs 94,105.12 NPS: Rs 7,298.80 CGHS: Rs 250
Net salary: Rs 86,556.32 At 1.92 fitment factor
Revised basic pay: Rs 73,152 HRA: Rs 17,556.48 TA: Rs 3,600 Gross salary: Rs 94,308.48 NPS: Rs 7,315.20 CGHS: Rs 250
Net salary: Rs 86,743.28 At 2.57 fitment factor
Revised basic pay: Rs 97,917 HRA: Rs 23,500.08 TA: Rs 3,600 Gross salary: Rs 1,25,017.08 NPS: Rs 9,791.70 CGHS: Rs 250
Net salary: Rs 1,14,975.38 At 1.92 fitment factor
Revised basic pay: Rs 1,12,512 HRA: Rs 27,002.88 TA: Rs 3,600 Gross salary: Rs 1,43,114.88 NPS: Rs 11,251.20 CGHS: Rs 650
Net salary:Rs 1,31,213.68 At 2.57 fitment factor
Revised basic pay: Rs 1,50,602 HRA: Rs 36,144.48 TA: Rs 3,600 Gross salary: Rs 1,90,346.48 NPS: Rs 15,060.20 CGHS: Rs 650
Net salary: Rs 1,74,636.28 At 1.92 fitment factor
Revised basic pay: Rs 1,53,984 HRA: Rs 36,956.16 TA: Rs 7,200 Gross salary: Rs 1,98,140.16 NPS: Rs 15,398.40 CGHS: Rs 650
Net salary: Rs 1,82,091.76 At 2.57 fitment factor
Revised basic pay: Rs 2,06,114 HRA: Rs 49,467.36 TA: Rs 7,200 Gross salary: Rs 2,62,781.36 NPS: Rs 20,611.40 CGHS: Rs 650
Net salary: Rs 2,41,519.96 At 1.92 fitment factor
Revised basic pay: Rs 1,85,472 HRA: Rs 44,513.28 TA: Rs 7,200 Gross salary: Rs 2,37,185.28 NPS: Rs 18,547.20 CGHS: Rs 650
Net salary: Rs 2,17,988.08 At 2.57 fitment factor
Revised basic pay: Rs 2,48,262 HRA: Rs 59,582.88 TA: Rs 7,200 Gross salary: Rs 3,15,044.88 NPS: Rs 24,826.20 CGHS: Rs 650
Net salary: Rs 2,89,568.68
(Disclaimer: These are projections. Actual revised amounts may vary.)
We have calculated the estimated revised basic pay, HRA, TA, NPS, and CGHS payouts at 1.92, 2.28, and 2.57 fitment factors. We have taked the HRA as 24 per cent of the employee's basic salary, TA for higher TPTA cities, and CGHS at current rates. We will take 2 basic pays each from Pay Grades 1900, 2400, 4600, 7600, and 8900.
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