1. What is Salary Comparison?

Salary comparison helps individuals understand how their current or offered salary compares with another salary point. This tool calculates the difference between two annual salaries in INR.

2. How Does the Calculator Work?

The calculator uses the following formulas:

Where:

• \( Salary1 \) — First salary amount in INR/year
• \( Salary2 \) — Second salary amount in INR/year

3. Importance of Salary Comparison

Details: Comparing salaries helps in job negotiations, career planning, and understanding market rates for your skills and experience.

4. Using the Calculator

Tips: Enter both salaries in INR/year format. The calculator will show the numerical difference, absolute difference, and percentage difference between the two amounts.

5. Frequently Asked Questions (FAQ)

Q1: Should I compare gross or net salary?
A: For most accurate comparisons, use gross salary (before deductions) as net salary can vary based on individual tax situations.

Q2: How often should I compare salaries?
A: It's good practice to compare salaries annually or when considering a job change to ensure you're being compensated fairly.

Q3: What other factors should I consider besides salary?
A: Benefits, bonuses, work-life balance, career growth opportunities, and job satisfaction are also important considerations.

Q4: How accurate are online salary comparisons?
A: While helpful, online comparisons should be supplemented with industry-specific data and local market research.

Q5: Should I disclose salary comparison results to employers?
A: Use salary data to inform your negotiations, but focus discussions on your value to the company rather than just comparisons.