Question 1

How to calculate salary hike percentage?

Accepted Answer

To calculate your salary hike percentage, use this simple formula: ((New Salary - Current Salary) / Current Salary) * 100. For example, if your salary increases from 10 LPA to 12 LPA, the difference is 2 LPA. (2 / 10) * 100 = 20% Hike.

Question 2

How to calculate 30 percent hike in salary?

Accepted Answer

To calculate a 30% hike, multiply your current salary by 1.30. For instance, if you earn ₹5,00,000 per year: 5,00,000 * 1.30 = ₹6,50,000. Your new salary will be ₹6.5 Lakhs.

Question 3

How to calculate salary hike percentage in Excel?

Accepted Answer

In Excel, enter your Current Salary in cell A1 and Hike Percentage in B1. To find the New Salary, use the formula: =A1*(1+B1). To find the Hike Amount only, use: =A1*B1.

Question 4

How does HR calculate salary hike?

Accepted Answer

HRs typically calculate hikes on the total CTC (Cost to Company). However, policy varies; some companies apply hikes only to the "Fixed Pay" component, excluding variable bonuses. Always ask if your hike is on "Fixed" or "CTC".

Question 5

How to calculate salary hike for new job?

Accepted Answer

When switching jobs, the hike is usually calculated on your current Total CTC. Companies often offer a standard 30-40% hike on switching. Formula: Offered CTC - Current CTC = Hike Amount.

Question 6

How to calculate salary hike in 7th Pay Commission?

Accepted Answer

For government employees under the 7th Pay Commission, hikes are calculated using a Pay Matrix rather than a simple percentage. Increments are typically 3% annually, moving you to the next vertical cell in your Level.