Formula
Salary hike percentage = (New salary - Old salary) / Old salary x 100.
For example, if your salary increases from 8 LPA to 10 LPA, the hike is 2 / 8 x 100 = 25%.
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CTC vs in-hand hike
CTC hike and monthly take-home hike can be different. A new offer may include more variable pay, different PF treatment, or higher deductions.
Calculate both if you are comparing job offers.
FAQs
Is a 30% hike good?
It can be good, but context matters. Role quality, fixed pay, variable pay, company stability, and growth potential matter too.
How do I calculate monthly salary increase?
Subtract old annual salary from new annual salary and divide the difference by 12.