8th Pay Commission: How to use fitment factor calculator to estimate your revised salary
New Delhi, May 22 -- With discussions around the 8th Pay Commission gaining momentum, the fitment factor is being closely watched, as it plays a crucial role in determining salary and pension hikes for central government employees and pensioners across India.
The concept of the fitment factor became became a talking point during the 6th and 7th Pay Commissions, as earlier pay panels followed more complex approaches to revise salaries, including pay rationalisation, dearness allowance mergers, and need-based wage calculations.
Here a look a how to use fitment factor calculator to understand how your pay will be revised
A fitment factor is a mathematical multiplier used by the Central Pay Commission to convert an employee's pre-revised b...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.