Salary Hike Calculator
Calculate percentage salary hike compared to your previous CTC. Useful for appraisals and job switches.
Appraisal Details
Hike Analysis
Hike Percentage
0.00%
Are You Getting What You Deserve?
Salary appraisal is the most critical event of a professional’s year. Don’t let percentages confuse you.
Why use this calculator?
- Job Switching: If HR asks “What is your expected hike?”, you can quickly calculate what a 30% or 40% jump looks like in absolute numbers.
- Appraisal Meetings: When your manager says “We gave you a 10% hike”, verify if it beats inflation (usually 6-7%).
- Future Planning: Estimate your salary 5 years down the line if you grow at 15% consistently.
Terms to Know
- CTC: Cost to Company (Total package).
- Take Home: What actually hits the bank.
- Variable Pay: Performance-linked (not guaranteed).
- ESOPs: Stocks (Paper money until vested and sold).
Frequently Asked Questions
How to calculate salary hike percentage?
Formula: `((New Salary - Old Salary) / Old Salary) * 100`. Example: If salary goes from 5L to 6L, Hike = (1L/5L)*100 = 20%.
What is a good salary hike in India?
Average annual appraisal is 8-12% for good performers. Top performers can get 15-20%. Job switch hikes usually range from 30% to 50%.
Does hike percentage include variable pay?
Appraisals are usually on the 'Total CTC'. If your fixed salary increases but variable pay remains same, the actual in-hand hike might be lower than the CTC hike %.
How to negotiate a higher salary hike?
Focus on your achievements, market standard for your role, and inflation. Having a counter-offer in hand is the strongest leverage.
What is nominal vs real wage breakdown?
Nominal hike is the number on paper (e.g., 10%). Real hike is `Nominal Hike - Inflation`. If inflation is 7% and hike is 10%, your purchasing power only grew by 3%.
Is hike calculated on Basic or CTC?
Hike is generally calculated on CTC (Cost to Company). However, verify if the hike is being given on 'Fixed Component' or 'Total Package' including bonuses.
How often do companies give hikes?
Most companies have an annual appraisal cycle (e.g., in April). Some startups or high-growth firms may offer semi-annual (every 6 months) appraisals.
What is a 'correction' vs a 'hike'?
A correction is done when you are underpaid compared to market standards (often significantly). A hike is a standard annual growth based on performance.
Does promotion guarantee a hike?
Usually, yes. Promotions come with a 'band change' and a significant salary jump (15-25%). However, some 'dry promotions' offer title change without immediate pay rise.
How to check if my offer letter is good?
Don't just look at the CTC. Check In-hand salary, PF contribution, variable pay clauses, and joining bonus.