The announcement of the 8th Pay Commission by the Center during the unveiling of the Union Budget for 2023–24 could be a major development for thousands of central government employees. The budget will be presented on February 1 by Nirmala Sitharaman, the union’s minister of finance.
Since quite some time, there has been a demand for the 8th Pay Commission to replace the 7th Pay Commission’s rules. According to the most recent reports, there is growing speculation among employees of the central government that the 8th Pay Commission may be announced in the budget.
Concerning this significant revelation, central employees’ expectations are increasing. If the government does announce the 8th Pay Commission, it will result in a significant pay raise for central employees at all of the salary scale.
Employees’ base pay, pay scale, and allowances will increase when we move to the new pay commission. They would also be eligible for future Fitment Factor increases.
According to the trends shown in the three most recent 5th, 6th, and 7th Pay announcements, pay commission regulations for central government personnel are typically revised every 10 years. The government may unveil the 8th Pay Commission in 2023 and implement its recommendations by2026, according to estimates.