Salary of government teachers and professors is going to increase after 8th pay commission, calculate it like this..

Govt Teachers Salary: The salary of government employees is going to increase in the 8th pay commission, but people are busy with their formulas about how much it will increase. However, there can be a significant increase in the salary of government employees. Brokerage firms and other experts have expressed their hopes about the possible fitment factor and the increase in salary based on it. Ambit Capital and Kotak Institutional Equities have released a report, according to which, 13 to 34 percent of salaries are expected to increase.

The fitment factor will tell how much salary will be

The salaries of government teachers and professors will also increase. Fitment factor plays an important role in salary increase. This time, the fitment factor can be between 1.83 and 2.46. If the fitment factor remains 1.83, then the salary is expected to increase by 14 percent. On the other hand, if the factor is up to 2.15 percent, then there can be a 34 percent increase in salary. Kotak Institutional Equities has estimated a fitment of 1.8 in its report. That means there can be a 13 percent increase in salary.

What is this fitment factor?
It means that if there is a fitment factor of 1.8, then the basic salary is multiplied by 1.8. But when the new pay commission is implemented, the dearness allowance (DA) becomes zero. Understand it like this: in the previous pay commission, the fitment factor was 2.57. That means if the basic salary is 10000, then (10000 × 2.67) becomes 26,700. On the other hand, if we look at the dearness allowance by making it zero, then the increase in the actual salary was very little. You can multiply your basic salary by the fitment factor and can get an idea.

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