Online Salary Hike Calculator

How To Use Salary Hike Calculator?

The usage of the online hike calculator is very simple and easy. This hike calculator online tool is used to calculate the percentage of salary increment as well as increased salary.

How to calculate salary hike percentage?

Here are few steps to calculate the hike percentage.

Step 1.

This online hike percentage calculator needs some information to calculate the total increase salary percentage. You need to enter the current salary and New Salary.

Step 2.

After entering the required data into the input fields click on the calculate button to calculate the salary hike percentage.

The result will display just after the hike percentage calculator online processed submitted data.

How to calculate Increased salary in Rupees?

Below are steps to find increased salary over current salary by hike percentage.

Step 1.

Enter your total current salary in current salary input field. This includes your salary + any Extra Benifits + Allowance + Incentive etc.

Step 2.

Now enter your proposed Salary hike percentage.

Step 3.

After the calculation is complete using predefined formula tool displays the increased salary in number and words also.

Salary Hike Percentage Calculation Formula

The formula for calculating the salary hike or appraisal amount is as follows:

Salary Hike = Current Salary * (Appraisal Percentage / 100)

Total Increased Salary = Current Salary + Salary Hike

Here's a breakdown of the formula:

• "Current Salary" represents the employee's current salary before the appraisal or hike.
• "Appraisal Percentage" is the percentage increase to be applied to the current salary.
• The formula divides the appraisal percentage by 100 to convert it to a decimal representation.
• Then, it multiplies the current salary by the decimal representation of the appraisal percentage to calculate the salary hike or appraisal amount.

For example, if the current salary is $5000 and the appraisal percentage is 5%, the calculation would be:

Salary Hike = $5000 * (5 / 100) = $250

In this case, the salary hike or appraisal amount would be $250, and the appraised salary would be the sum of the current salary and the salary hike.

How to Calculate 10 percent hike in salary

Let, Assume your current Monthly Salary is Rs. 45,000.then the 10% hike would be calculated as:

Current Salary * (10/100)

45000 * (10/100)

45000 * 0.1

Salary hike = 4500

New Salary after 10% hike = Rs. 45,000 + Rs. 4,500 = Rs. 49,500

How to Calculate 30 percent hike in CTC

CTC means Cost to the Company

Let, Assume your current CTC is Rs. 8,00,000. then the 30% on CTC hike would be calculated as:

Current CTC * (30/100)

800000 * (30/100)

800000 * 0.3

CTC hike = 240000

New CTC after 30% hike = Rs. 8,00,000 + Rs. 2,40,000 = Rs. 10,40,000