7th pay increased calculater
With the 7th Pay Commission being the last, a new formula would be in
place from next year to review salaries of government employees. The
Finance Ministry has made it clear that there would be no further pay
commissions.
The government took into consideration that the government should review
salaries of government employees periodically instead of setting up a
pay commission and waiting for ten years.
7th pay calculater also useful for all
The salaries of the central government employees will be reviewed
periodically. It would not take ten long years to wait for a pay
increase or revision in allowances or HRA. The government would review
the salary looking into the data available and also based on the price
index.
The government will take into consideration the Aykroyd formula while reviewing salaries of government employees. This formula would take into consideration the change in prices of the commodities that constitute a common man’s basket.