Salary Hike Calculator
Result:
Are you expecting a salary raise? Want to know your exact hike percentage? Our hike calculator helps you find out in seconds!
What is a Salary Hike?
A salary hike means an increase in your salary. It’s when your company gives you more money for the work you do. This usually happens because:
- You’ve performed well
- You have more experience now
- Prices are going up (inflation)
- Or the job market is changing
Getting a salary hike is a big deal! It shows that your hard work is being noticed and helps you move ahead in your career and life.
What is a Salary Hike Calculator?
A Salary Hike Calculator is a simple online tool that helps you know how much your salary has increased. You just need to:
- Enter your current salary
- Add the percentage of the hike or your new salary
It will instantly show:
- How much your new salary will be
- How much more you are earning
- What percentage your salary has increased
This tool is super useful when you’re:
- Getting a promotion
- Changing jobs
- Talking to your boss about a raise
- Planning your monthly budget
How Does a Salary Hike Calculator Work?
Here’s how the calculator works in 4 easy steps:
1. Add Your Current Salary
Put in your present salary (monthly or yearly).
2. Enter the Hike or New Salary
You can enter either the hike percentage or the new salary amount.
3. Let the Calculator Do the Math
It uses a simple formula to find out how much extra money you’re getting and the hike percentage.
4. See the Result
You’ll get a clear result that shows:
- Your new salary
- How much more you’re earning
- What percentage hike you got
Some calculators even show charts or let you compare different job offers.
How to Calculate Salary Hike Manually (Without Calculator)
Want to do it on your own? No problem!
Follow These Steps:
- Know your current salary – Example: ₹60,000
- Know your new salary – Example: ₹66,000
- Find the difference – ₹66,000 − ₹60,000 = ₹6,000
- Use this formula:
(New Salary − Current Salary) ÷ Current Salary × 100
In our case:
(66,000 − 60,000) ÷ 60,000 × 100 = 10%
So, your salary hike is 10%.
Salary Hike Formula (Simple Version)
Here’s the quick formula:
Salary Hike % = (New Salary − Old Salary) ÷ Old Salary × 100
- Old Salary = Your current salary
- New Salary = The salary you’re offered after hike
This helps you find out the exact percentage increase.
Example: Rahul Got a Salary Hike
Let’s say Rahul earns ₹60,000 per year. His company offers him a new salary of ₹66,000.
Here’s how to find the hike:
(66,000 − 60,000) ÷ 60,000 × 100 = 10%
So, Rahul got a 10% salary hike.
Benefits of Using a Salary Hike Calculator
Using a calculator makes your life easier. Here’s how:
Accurate Results
No chances of mistakes. It gives the correct hike amount and percentage.
Saves Time
Just enter a few numbers and get the result in seconds.
Clear Understanding
You get a clear picture of your new salary and how much more you’ll earn.
Helps in Planning
Know how much extra money you’ll get so you can plan savings and spending.
Compare Offers
Got multiple job offers? Use the calculator to compare them easily.
Be Confident
It helps you talk confidently about salary during interviews or reviews.
Plan Smart for the Year Ahead
Got a hike? That’s great! Now it’s time to plan your finances.
Use a Tax Calculator to find out how your new salary affects your taxes—especially with new budget changes. Get your tax estimates in minutes and stay ahead!
Try it now and plan better.
Start Using the Hike Calculator Now!
Also you can use our work experience calculator to check your total experience, job tenure, or time spent in a role today!
Stop guessing and start planning! Use our hike calculator online to check your salary hike percentage, salary increment, or CTC hike percentage today!
FAQs on Salary Hike Calculator
How to Calculate Hike Percentage?
To calculate the hike percentage, use this formula:
Hike Percentage = [(New Salary – Current Salary) / Current Salary] × 100
For example, if your current salary is $50,000 and your new salary is $60,000, the hike percentage is:
[(60,000 – 50,000) / 50,000] × 100 = 20%
How to Calculate 30% Hike on CTC?
To calculate a 30% hike on CTC (Cost to Company), use this formula:
New Salary = Current Salary × (1 + 30/100)
Example: If your current CTC is $40,000, then:
New CTC = 40,000 × (1 + 30/100) = $52,000
How to Calculate Salary Hike Percentage?
The salary hike percentage is calculated by comparing the new salary to the old salary using this formula:
Hike Percentage = [(New Salary – Old Salary) / Old Salary] × 100
Example: If your salary increases from $70,000 to $80,000:
Hike Percentage = [(80,000 – 70,000) / 70,000] × 100 = 14.3%
How to Calculate Hike in Salary?
To calculate the hike amount in your salary:
Salary Hike = (Current Salary × Hike Percentage) / 100
Example: If your current salary is $50,000 and you get a 20% hike:
Salary Hike = (50,000 × 20) / 100 = $10,000
New Salary = $50,000 + $10,000 = $60,000
How to Calculate Percentage Hike in Salary?
Use the formula:
Percentage Hike = [(New Salary – Current Salary) / Current Salary] × 100
Example: If your salary goes from $45,000 to $50,000:
Percentage Hike = [(50,000 – 45,000) / 45,000] × 100 = 11.1%
How to Calculate Salary Increment Percentage?
The salary increment percentage is the same as the hike percentage. Use the formula:
Salary Increment Percentage = [(New Salary – Old Salary) / Old Salary] × 100
Example: If your old salary was $55,000 and your new salary is $60,000:
Increment Percentage = [(60,000 – 55,000) / 55,000] × 100 = 9.1%
How to Calculate Percentage Hike in CTC?
To calculate the percentage hike in CTC:
CTC Hike Percentage = [(New CTC – Old CTC) / Old CTC] × 100
Example: If your old CTC was $80,000 and your new CTC is $90,000:
CTC Hike Percentage = [(90,000 – 80,000) / 80,000] × 100 = 12.5%
What is a Hike Calculator Online?
A hike calculator online is a tool that helps employees and employers quickly calculate salary hikes based on either percentage or fixed increments. It saves time and eliminates manual errors.
What is a CTC Percentage Calculator?
A CTC percentage calculator helps determine the percentage increase in CTC after a salary hike. Enter your old CTC and new CTC, and it will calculate the exact percentage hike.
What is a Salary Increase Calculator?
A salary increase calculator helps calculate the new salary after a raise. By entering your current salary and the hike percentage, the tool provides instant results.