How much will the salary of government employees increase?
Ever since the announcement of the 8th Pay Commission, government employees are worried about how much their salary will increase when the commission is implemented. But, now their wait seems to be over. Actually, Goldman Sachs has made an estimate about this, which shows how much the salary of government employees will increase after the implementation of the 8th Pay Commission.
What does the Goldman Sachs report say?
According to the Goldman Sachs report, after the implementation of the 8th Pay Commission, the salary of government employees can increase from 14,000 to 19,000. Along with this, Goldman Sachs has estimated that this increase can be implemented in 2026 or 2027.
Understand it in simple language
Currently, the average salary of central government employees is Rs 1 lakh per month (before tax). After the 8th Pay Commission, it can increase by 14 to 19 percent. Three possible plans have been made for this. If the government keeps a budget of 1.75 lakh crores (for 50 percent salary and 50 percent pension increase), then the average salary will increase by Rs 14,600 per month. At the same time, if a budget of 2 lakh crores is kept, then the salary will increase by Rs 16,700 per month. Whereas, if 2.25 lakh crores are allocated, then the employees will get an increase of 18,800 per month in salary.
50 lakh employees and 65 lakh pensioners will benefit
More than 50 lakh government employees and 65 lakh pensioners will get direct benefit from the 8th Pay Commission. Earlier, the government had spent 1.02 lakh crores under the 7th Pay Commission.
When will the 8th Pay Commission be implemented?
On 16 january 2025, the Union cabinet approved the 8th Pay Commission. However, the names of the chairman and members of the commission have not been decided yet. The report of the commission can be implemented in 2026 or 2027.
