HIGHLIGHTS OF 7TH PAY COMMISSION REPORT
Highlights of 7th Pay Commission report
In a bonanza for central government employees, the Seventh Pay Commission on 19 Nov 2015, submitted its final report to Finance Minister Arun Jaitley recommending a 23.55 percent jump in their salary and allowances.
The Pay Commission headed by Justice A K Mathur has suggested a 16 percent increase over the basic salary plus DA for the central government staff. An increase in allowances like HRA has also been recommended.
The total increase will be 23.55 percent of the gross salary (basic plus DA plus allowances).
Key features of Seventh Pay Commission report:
- 7th Pay panel submits report to FM Arun Jaitley; suggests 23.55% hike in pay and allowances of govt employees
- Pay will go up by 16%; increase in allowances will be 63%; increase in pension will be 24%.
- Minimum basic pay for central govt staff recommended at Rs 18,000; maximum pay Rs 2.25 lakh per month
- Pay Commission recommends 3% annual increment and 24% hike in pension for central government staffers
- Pay Commission report has to be implemented from January 1, 2016
- FY17 impact seen at Rs 1.02 lakh crore from implementation of the 7th Pay Commission
- One Rank One Pension recommended for central govt staffers as well as armed forces