Salary Hike Calculator
Calculate your salary increment, raise percentage, and compare growth
Perfect for Appraisals & NegotiationsNew Annual Salary After Hike
₹ 11,50,000
You get ₹ 1,50,000 more per year
Salary Comparison
Current Monthly Salary:
₹ 83,333
New Monthly Salary:
₹ 95,833
Monthly Increase:
₹ 12,500
Daily Increase:
₹ 411
Hourly Increase (8hrs/day):
₹ 51
Annual Bonus (after hike):
₹ 1,15,000
Effective Total Compensation:
₹ 12,65,000
Hike Percentage
15%
Annual Increase
₹ 1,50,000
Monthly Hike
₹ 12,500
% of Hike Realized
85%
Understanding Salary Hike Calculation
How Salary Hike is Calculated:
The salary hike calculation follows this formula:
New Salary = Current Salary × (1 + Hike Percentage/100)
Increase Amount = New Salary - Current Salary
Types of Salary Hikes:
- Percentage-based Hike: Most common type where you get a percentage increase on your current salary
- Fixed Amount Hike: A specific amount is added to your current salary
- Performance-based Hike: Based on your performance rating
- Market Correction: To match industry standards
- Promotion Hike: Additional increase for role change
What Affects Your Take-Home Salary After Hike:
- Income Tax: Higher salary may push you into next tax slab
- Provident Fund: 12% of basic salary goes to PF
- Professional Tax: Deducted monthly from salary
- Other Deductions: Insurance, loan EMIs, etc.
Tips for Salary Negotiation:
- Research industry standards for your role and experience
- Consider total compensation (bonus, benefits, stocks)
- Factor in inflation (typically 4-6% per year)
- Negotiate based on performance metrics
- Consider career growth opportunities
Average Hike Percentages by Industry (India):
- IT/Software: 10-15%
- Banking/Finance: 12-18%
- Healthcare: 8-12%
- Manufacturing: 7-10%
- E-commerce: 15-25%
- Startups: 20-30% (plus ESOPs)
Pro Tip:
Aim for a hike that at least beats inflation (6%) plus gives you real growth (additional 5-10%). For example, a 15% hike gives you 6% to beat inflation and 9% real growth.