Salary Hike Formula:
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The salary hike calculation determines the new salary after applying a percentage increase to the current salary. This is commonly used for government employees in India during pay revisions or annual increments.
The calculator uses the salary hike formula:
Where:
Explanation: The formula calculates the new salary by adding the percentage increase to the original salary.
Details: Accurate salary calculation is crucial for government employees to understand their revised compensation after pay commission recommendations or annual increments.
Tips: Enter current salary in INR/year and hike percentage. Both values must be valid (salary > 0, percentage ≥ 0).
Q1: How often do government employees get salary hikes?
A: Typically, government employees receive annual increments and larger hikes when pay commissions are implemented (usually every 10 years).
Q2: Are there different hike percentages for different pay grades?
A: Yes, government pay commissions often recommend different percentage increases for different pay levels and positions.
Q3: Does this include allowances and benefits?
A: This calculator computes basic pay hike. Allowances are usually calculated separately as percentages of the basic pay.
Q4: How accurate is this calculator for state government employees?
A: While the formula is the same, state governments may implement different hike percentages than central government.
Q5: What about deductions after hike?
A: This shows gross salary. Deductions like taxes, pension contributions etc. would be calculated separately.