1. What is Salary Hike Calculation?

The salary hike calculation determines your new salary after a percentage increase from your current salary. This is commonly used during appraisals, job changes, or promotions in the Indian job market.

2. How Does the Calculator Work?

The calculator uses the salary hike formula:

Where:

• Current Salary — Your current annual salary in Indian Rupees (INR)
• Hike Percentage — The percentage increase in your salary

3. Importance of Salary Hike Calculation

Details: Understanding your salary hike helps in financial planning, comparing job offers, and negotiating better compensation packages in the Indian job market.

4. Using the Calculator

Tips: Enter your current annual salary in INR and the expected hike percentage. The calculator will show your new salary and the exact amount of increase.

5. Frequently Asked Questions (FAQ)

Q1: Is the hike percentage calculated on CTC or basic salary?
A: Typically, the percentage is applied to your current Cost to Company (CTC). However, this may vary by company policy.

Q2: What is considered a good salary hike in India?
A: Average hikes range from 8-15% for the same role. Promotions may offer 20-30% or more. Job changes often bring 30-50% hikes.

Q3: Are salary hikes taxable in India?
A: Yes, the increased salary is subject to income tax as per your applicable tax slab.

Q4: How often do salary hikes occur in India?
A: Most companies provide annual hikes during appraisal cycles, typically between April-June.

Q5: Should I consider inflation when evaluating a hike?
A: Yes, a hike below inflation rate (typically 5-7% in India) means reduced purchasing power despite higher nominal salary.