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The 8th Pay Commission, chaired by Justice (Retd) Ranjana Desai, has begun reviewing salaries and pensions for over 50 lakh central government employees and 65 lakh pensioners. Experts predict the crucial fitment factor will range between 1.83 and 2.46, pushing the minimum basic pay from ₹18,000 to ₹32,940–₹44,280.
Providing relief to two Chennai residents, a consumer court directed Bhoomi & Buildings Pvt Ltd to pay Rs 8.5 lakh each as compensation for the excessive delay in redeveloping their Nungambakkam property into apartments. Additionally, the builder was ordered to pay Rs 30,000 each to the complainants for deficiency in service.
The implementation of the 8th Pay Commission will bring a significant salary hike for government employees, but it will also lead to a higher tax burden. Central employees have reason to celebrate as their salaries are set to increase once the new pay commission comes into effect. At the same time, higher earnings will mean an increase in the taxes they need to pay. It’s important to understand ho
