00:00There are a lot of news reports. If you are reading or reading, there is a very common term that
00:06is listening to this time.
00:07And it is waiting for the government to be required to be required.
00:12The 8th Pay Commission.
00:13This 8th Pay Commission has a big proposal.
00:18The Indian Railway Technical Supervisors Association, IRTSA.
00:23In this proposal, there is a number of reports that you will hear and read.
00:31Now, the number of salary is describing your salary.
00:37First of all, we need to understand what is the 8th Pay Commission.
00:41What is the 8th Pay Commission?
00:44And how can your salary hike?
00:47In this video, we will explain all of you.
00:49We will calculate that if the 8th Pay Commission is lost,
00:54then your salary can increase to 338%?
00:58And how much a realistic number is?
01:00We will try to calculate everything.
01:02First of all, let's understand that the 7th Pay Commission is in the country.
01:07If we look at the fitment factor,
01:11and take your new salary decides,
01:14then the fitment factor is 2.57%.
01:17So, which is the 7th Pay Commission,
01:20which will be 7 or 8,000,
01:22then the fitment factor is 18,000.
01:26Now, the IRTSA has a new proposal.
01:31The IRTSA has the proposed pay levels.
01:34According to the pay levels,
01:36they have said that you should divide the fitment factor.
01:39I will show you all the pay levels on the board and then I will tell you what the fitment
01:45factor is.
01:47First of all, the commission is talking about here.
02:06IITS has a proposal according to your levels and according to your fitment factor.
02:23Level is 1 to 6.
02:25The proposed factor is 2.92.
02:30If you go to level 6 to 10, the proposed factor is 3.50.
02:41In this way, there are also levels and fitment factors.
02:46This is only a proposal.
02:48We will tell you in the start of the video.
02:50Don't be confused.
02:52But now, if the government believes this proposal,
02:56then in truth, the height of your salary will be as much as you can think.
03:01Let's calculate this.
03:03So, according to this proposal, if we keep you in level 1 to 6.
03:09If you go to level 1 to 6 in a band,
03:12which is the proposed fitment factor is 2.92,
03:17then we will calculate your salary in which way.
03:21This is necessary to understand.
03:22If you go to level 1 to 6 in a band,
03:25then this is a very common band.
03:26The basic salary of employees is $20,000.
03:32That means, this is a very starting band.
03:35From $20,000, the minimum salary starts.
03:38If we take this down, if we take this down,
03:40then maybe $18,000 will be your minimum salary.
03:43But, let's take a hypothetical situation.
03:46Let's take a look at the $20,000.
03:49Now, according to the proposed fitment factor,
03:52how do we calculate this?
03:54Or, let's take directly $20,000 into 2.92,
03:58or we will simplify it for you.
04:01So, we get $20,000 into $20,000,
04:05and st to percamper the $20,000 into $20,000.
04:11Therefore, we drop this down in a &$20, current values,
04:15mainly, So, we Jinpingidade times $20,000,
04:16więc, if we break the factor ahead of the $20,000 into two,
04:19which is $20,000 into $20,000 into 0.90,
04:26then oder consideration the $20,000 into 3,000,
04:31So the calculation will be different.
04:35If we multiply this by 2, this will be 40,000.
04:41If we multiply this by 20,000 by 0.90, this will be 18,000.
04:46And if we multiply this by 0.20, this will be 400.
04:52This calculation is 40,000 plus 18,000 plus 400.
04:56So your fitment factor is 58,400.
05:03Simple calculation is 58,400.
05:06The employer's salary was 20,000.
05:09After that, it will be 58,400.
05:14If the IITSA will accept the proposal.
05:20This is another simple calculation.
05:22Because we are talking about 338 percent.
05:25So now we will see this calculation percentage-wise.
05:28If your salary is 58,400,
05:32then how much of your salary will get the height?
05:36Let's see the percentage calculation again.
05:40We told you the salary was 58,400.
05:43So we will calculate the percentage calculation.
05:43For the percentage calculation, we need basic maths.
05:47Just remember one formula,
05:49which you will probably have studied in your school life.
05:52The percentage formula.
05:54New basic minus old basic.
05:56Your new salary minus old salary divided by old salary,
06:11which is your present salary into 100.
06:15Because we have taken the percentage into 100.
06:19Okay?
06:20Now we have calculated your new salary.
06:22If you are studying in the first band,
06:24then it is 58,400 minus your previous salary,
06:29which we have taken hypothetically,
06:31which was 20,000.
06:33We will divide it from your previous salary,
06:36or present salary to 20,000.
06:37And we will multiply it by 100,
06:40because we are taking the percentage.
06:42If you are taking the percentage calculation,
06:45then it will be 192 percent.
06:50Now this 192 percent hike is for those people,
06:54which are falling in the first band.
06:56That is, that band was 2.92 percent.
07:00The fitment factor is the factor,
07:03which you multiply your present salary
07:06and according to your new pay commission.
07:07according to your new salary.
07:09This we have also understood you.
07:11Now, if you look at the rest of the levels,
07:17then the salary of 3.38 percent,
07:19where will the salary come from?
07:22We will also tell you.
07:23The height of 338 percent,
07:25which falls in the band,
07:27which is the best ending band in IRTSA,
07:30which salary is minimum 2,50,000.
07:33That means the height of 338 percent is a hypothetical height.
07:37If your salary is about 5,50,000.
07:40But if your salary is only 20,000.
07:43And the 8 pay commission will be lost in the 8 pay commission,
07:46then your salary will also be more than a valid number.
07:50But what will the proposal accept?
07:53And what will the proposal be realistic?
07:55So, see, this is just a proposal.
07:57Now, the government has asked many departments
08:00who have asked proposals,
08:02and this proposal is in the church.
08:05However, this will accept or not.
08:07This will be the whole way to government.
08:10And the 8 pay commission will increase your salary.
08:13This is the guarantee.
08:14So, the total pay commission will increase your salary.
08:17So, the total pay commission will increase your salary.
08:19And the total pay commission will increase your salary.
08:20And you will not only increase your salary from 192 percent.
08:24In this salary will be added to your DA, your HRA, your TA.
08:29All of that will be added.
08:30And if you will add your HRA, your DA and your DA,
08:34then there will be a calculation.
08:36which we will tell you.
08:38Now, let's see this calculation.
08:40If your basic salary is more than 192 percent,
08:44then your DA will be added.
08:46If you will have a good money in your hands,
08:49yes, absolutely.
08:50If you will have a good money in your hands,
08:50we will tell you.
08:52Hypothetically, we will take a number of 25 percent.
08:56And this is a very hypothetical example.
08:58DA is different from their salary brand.
09:02That's why we have to explain it.
09:04And because we have bought the 20,000 band,
09:07we will take the 20,000 band.
09:10We will also take the band.
09:12The fitment factor will remain 2.92.
09:17And according to our new salary was 58,400.
09:26Now, if we assume DA,
09:31is assumed 25 percent.
09:39Now, if you will take the 25 percent,
09:43then your calculation will be 14,600.
09:55And after this,
09:57And after this addition,
09:58your total calculation will be $73,000.
10:04And after this addition,
10:13your total calculation will be $73,000.
10:15And after this addition,
10:15you will become $73,000.
10:18Now, if you will get HRA,
10:21then it will be added.
10:23After this calculation,
10:25you will become a new salary.
10:25And after this calculation,
10:27we will be telling you,
10:28that it is a proposal.
10:29It is not accepted.
10:30It is accepted.
10:30And it is accepted.
10:31Then it will be added to the employees.
10:34But if it is not accepted,
10:35then it will be guaranteed
10:36that the salary is going to increase in the commission.
10:38In the commission,
10:39In the commission,
10:40In the commission,
10:42you will calculate your price band.
10:44Which is the proposal of IRTSA.
10:46According to your account,
10:48please comment on your account.
10:50What is expected salary?
10:53And what is expected salary?
10:54A month from it.
10:54Yes.
10:59May a 15 months my LinkedIn,
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