Impact of new tax slab on 8th pay commission: While presenting the budget on 1 February 2025, the country’s Finance Minister Nirmala Sitharaman announced the new tax slab. According to which, now a single rupee tax will not have to be paid on the annual income of up to Rs 12 lakh.
Apart from this, recently Prime Minister Narendra Modi’s government has approved the 8th Pay Commission, which is expected to increase the salary of government employees and pensioners. Now the question arises that the new tax slab which has been announced in the budget will also affect the 8th Pay Commission. If it is, then what kind of effect will be done. Let us know about this in detail in this news.
Understand the influence of the first 8th pay commission
With the implementation of the 8th Pay Commission, the salary of government employees is expected to increase by 108 percent, which will benefit about 1.10 crore central employees and pensioners. According to reports, if the fitment factor is increased from 1.92 to 2.08, the minimum basic salary can increase from 18,000 to 37,440. At the same time, if the fitment factor increases to 2.86, then this amount can go up to 51,480.
The burden will increase on government treasury
According to the reports, the way the direct tax exemption has been given during the budget and no tax has been imposed on the annual income of up to 12 lakhs, this will bring a burden of about one lakh crore rupees on the government treasury. Apart from this, the announcement of the 8th Pay Commission will also put an additional burden of about 2 lakh crores on the government treasury.
Impact of new tax slab on 8th pay commission
When any pay commission is applicable, it is affected only on government employees and pensioners. But, when the government changes the tax slab, it affects the entire people of the country, whether it is a government job or a private or someone doing business. That is, in the new tax slab, if it has been said that there will be no tax on income up to Rs 12 lakh, then it will be applicable to all.
Now come on its impact on the 8th Pay Commission. Let us tell you, the salary and allowances of government employees will increase from the 8th Pay Commission and if their increased salary goes up to 12 lakhs then they will not have to pay any tax. But, if their salary goes above 12 lakhs, then according to the new tax slab, they will have to pay tax.
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(Tagstotranslate) New Tax Slab (T) 8th Pay Commission (T) Impact of New Tax Slab on 8th Pay Commission (T) When will 8th pay commission be implemented
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