{
  "id": 14158142,
  "title": "Can L10 employees get Rs 34 lakh extra pay in 10 yrs?",
  "url": "https://urgent.news/2026/10/13/can-l10-employees-get-rs-34-lakh-extra-pay-in-10-yrs",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T08:10:28.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/save/8th-pay-commission-salary-latest-news-fitment-factor-calculator-can-level-10-employees-get-rs-34-lakh-extra-basic-pay-in-10-years/articleshow/134911717.cms"
  },
  "original_language": "en",
  "account": "The 8th Pay Commission, set to meet employees and pensioners' bodies in Mumbai from October 22-23, 2026, is expected to discuss pay, pension, allowances, and work-related matters. Current annual increments stand at 3% per the 7th Pay Commission rates, but the 8th Pay Commission may recommend rates between 5%-7%. The impact of these increments on Level 8-10 employees can be estimated using a 2.15 fitment factor over a 10-year period.\n\nFor a Level 8 employee with a current basic salary of ₹47,600, a 2.15 fitment factor results in a revised basic salary of ₹1,02,340. With a 3% annual increment, their monthly salary would grow from ₹1,02,340 to ₹1,33,530 in 10 years, totaling ₹1,40,78,561. At a 5% increment rate, their monthly salary would rise from ₹1,02,340 to ₹1,58,763, with a total pay of ₹1,54,46,658 over ten years. A 7% increment rate would lead to a monthly salary increase from ₹1,02,340 to ₹1,88,148, resulting in a total pay of ₹1,69,67,703.\n\nLevel 9 and Level 10 employees would experience even higher extra basic pay in 10 years, with estimated totals of ₹1,57,05,285 and ₹1,65,92,590 respectively, depending on the increment rate.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}