The Sixth Central Pay Commission submitted its Report to the Goverment on 24th March, 2008.
The commission, headed by Justice B N srikrishna, submitted its report to finance Minister P Chidambaram. The 18-month tenure of the Commission was till April 4, 2008.
Here is the Highlights of the Sixth Pay Commission
- Revised pay to be effective from Jan 1, 2006.
20 % hike is expected , The Sixth Pay Commission , headed by Justice B N Srikrishna, was constituted in October 2006. Commission had been given 18 months to submit The Sixth Pay Commission recommendations.
Recommendations are expected to be submitted to the finance ministry next week. The report is expected to benefit an 55 lakh government employees across the country. At least, a 20 per cent hike is expected.
The Indian government has set up the sixth pay commission to revise salaries and perks for its 55 lakh employees across the country.
The sixth pay commission that is expected soon will bring gains for more than 55 lakh government employees. At least, a 20 per cent hike is expected
PAY HIKE ON THE CARDS
Indian finance minister, Mr. P. Chidambaram presented the budget in the parliament for the fiscal 2008-09.
Highlights of the budgets are:
- Personal income tax exemption hiked to Rs 1.5 lakh
- Senior citizens threshold tax limit increased from Rs 1,95,000 to Rs 2,25,000
- Tax exemption for women increased to Rs 1.8 lakh