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8th Pay Commission salary hike: How a 7% annual increment could mean 29 lakh extra pay in 10 years

Central government employee bodies have demanded annual increments of 5%-7% under the 8th Pay Commission, against the current 3% rate. An illustrative calculation shows that a Level 8 employee could earn nearly 29 lakh more in cumulative basic pay over 10 years at a 7% increment.