8th Pay Commission: What is the 5-fitment formula that can increase salary by 400%, how to calculate & more related News Here
The 8th Pay Commission is expected to impact over 1.1 crore beneficiaries, including central government employees, pensioners and their families, but is yet to submit its recommendations. Meanwhile, the Indian Railway Technical Supervisors Association (IRTSA) has proposed a five-fitment-factor formula for pay revision, which, in some cases, could increase pay by more than 300-400%. The…