7th Pay Commission: New monthly salaries to be effected by August 1, report says

Revised, higher monthly salaries for lakhs of central government employees and pensioners may come into effect as soon as August 1, a report in The Financial Express said, quoting officials working closely with the 7th Pay Commisison. 

The final decision on the matter was supposed to have been taken in the April 11 meeting of the 7th Pay Commission committed chaired by Cabinet Secretary P K Sinha in New Delhi. The meeting's agenda also included adding final touches to the recommendations before they are handed to the Finance Ministry. The details of what transpired in the meeting on Saturday haven't been revealed yet.

When it comes into effect with retrospective effect from January 1, 2016, salary packages of 47 lakh central government employees and 52 lakh pensioners will be impacted. 

The report said it wasn't immediately clear whether the arrears will also be credited along with the revised pay, which means it isn't clear yet whether the past dues will be credited in one go or will be paid out in instalments. 

The Secretaries' group has recommended a wage hike of Rs 21,000 and Rs 2.7 lakh for the lower and upper level, respectively. This is Rs 3,000 more for the lower level and Rs 20,000 more for the upper level prescribed by the 7th CPC.

You can use this calculator to find out your new salary.