8th Pay Commission Salary Calculations: Are you also a central government employee keenly waiting for the 8th Pay Commission (8th CPC) recommendation implementation? It may take time as the names of the panel chairman and members are yet to be announced. Once the pay commission is established, it will prepare a report that will have recommendations for salary, pension, and allowance revisions. It will also have the fitment factor, the multiplier for the revision.
Once the Cabinet clears the 8th CPC recommendations and they are implemented, central govt employees will see their basic pay, allowances such as house rent allowance (HRA) and travel allowance (TA), and contributions such as National Pension System (NPS) and Central Government Health Scheme (CGHS) revised.
If you are a Grade Pay 1900, 2400, 4200, 4800, or 7600 employee, what may be your revised HRA, TA, NPS, and CGHS payouts at 2.28 and 2.57 fitment factors?
Story calculation conditions
For our story, we are taking HRA as 24 per cent of the employee’s basic (for X class cities), and TA is meant for higher TPTA cities (in the range of Rs 900 to Rs 7,200 for different level employees).
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 as per current rates.
We will pick 2 basic pays from each of the Grade Pay 1900, 2400, 4200, 4800, and 7600 and calculate revised pay, HRA, TA, NPS, and CGHS payouts at 2.28 and 2.57 fitment factors.
Revised pay, allowances for GP 1900 (Level 2, basic Rs 24,500)
Revised pay, allowances for GP 1900 (Level 2, basic Rs 30,200)
Revised pay, allowances for GP 2400 (Level 4, basic Rs 33,300)
Revised pay, allowances for GP 2400 (Level 4, basic Rs 41,000)
Revised pay, allowances for GP 4200 (Level 6, basic Rs 52,000)
Revised pay, allowances for GP 4200 (Level 6, basic Rs 62,200)
Revised pay, allowances for GP 4800 (Level 8, basic Rs 70,000)
Revised pay, allowances for GP 4800 (Level 8, basic Rs 86,100)
Revised pay, allowances for GP 7600 (Level 12, basic Rs 1,02,800)
Revised pay, allowances for GP 7600 (Level 12, basic Rs 1,19,300)
(Disclaimer: These are projections. Actual revised amounts may vary.)
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