8th Pay Commission salary calculator: Can Level 8 employees get Rs 29 lakh extra pay in 10 years at 7% annual increment rate?

8th Pay Commission fitment factor: Employee groups are advocating for the 8th Pay Commission to reconsider the current three percent annual increment rate, asserting it falls short given the skyrocketing living costs. They argue that adjusting the increment to a more robust seven percent can lead to nearly doubling the basic salaries over the next decade. The conclusive salary hike recommendations will be unveiled following the report's official announcement.