Salary will increase by this much after the implementation of 8th Pay Commission, know how much tax will be charged on it?

However, with this the tax effect will also increase. Let us know how much money will come into your pocket after this change and how much will go to tax.

Suppose you are working at level-8. At present your basic salary is Rs 47,600. After the 8th Pay Commission, 1.92 fitment factor will be applicable. That means your new basic salary will increase to Rs 91,392.

Your allowances will also increase with the new basic salary. If you work in Delhi, Mumbai or Bengaluru, you will get 30% HRA. That means 30% of 91,392 i.e. 27,418. Apart from this, around Rs 3,600 will be given as traveling allowance (TA).

According to reports, after adding all these, your gross salary will reach Rs 1,22,410 per month. That means your total salary can increase by about Rs 75,000 every month.

The gross salary may be Rs 1.22 lakh, but there are some deductions from it. These include National Pension Scheme (NPS) approximately 9,139.

Central Government Health Scheme (CGHS) 650 and Income Tax around 7,700 (as per tax slab). After these deductions, your net in-hand salary will be around Rs 1,04,900 per month.