This post was most recently updated on September 14th, 2023
Have you had a Salary Hike and looking to calculate how much increment you have received? You have come to the right place. Use our Simple and easy-to-use salary hike calculator to check hike percentages and increments.
Consider using the Investment Goal Calculator to see how you can grow the additional increment you received.
Salary Hike Calculator – Get Percentage Hike
Just enter your salary before the hike and salary after the hike to check what percentage hike you have received
Salary Hike Calculator – Get Salary After Percentage Hike
Looking for a percentage increment? Just enter your current salary and the percentage hike you are expecting to check what your salary will be after the increment.
Consider using our In-hand Salary Calculator to check what your in-hand salary will be after the increment.
How to Use the Salary Hike Calculator and Check Increments
Here’s a step-by-step guide on how to use the Salary Hike Calculator and check your increment without breaking a sweat:
1. Fetch Your Current Salary
Before anything else, you need to know your starting point. Grab your most recent pay slip or consult your HR department to know your current annual salary.
2. Understand the Percentage Increment
Typically, salary hikes are expressed in terms of percentages. Say, for instance, you’ve been told you’re getting a 10% increment. If you’re not a numbers person, this percentage might sound abstract. But don’t fret; our calculator is here to help.
3. Plug in the Numbers
On the Salary Hike Calculator:
- Input your current salary: Say, for instance, it’s Rs 50,000.
- Enter the percentage of hike: Using the above example, that would be 10.
4. Hit the ‘Calculate’ Button in the Salary Hike Calculator
It’s that magical button that will do the number-crunching for you. No more scratching your head, wondering if you’ve multiplied or divided correctly.
5. View Your Results
Once you’ve hit calculate, you’ll get two main figures:
- New Salary: This is how much you’ll be earning post-hike. For our example, this would be Rs 55,000 (Rs 50,000 + Rs 5,000 increment).
- Absolute Increment: This shows you the exact dollar (or other currency) increment in your salary, which in our example, is Rs5,000.
6. Plan Ahead
Now that you have a clear picture of your new financial standing, you can plan your budget, savings, and expenditures accordingly. Remember, while a hike is always exciting, it’s also an opportunity to re-evaluate and make sound financial decisions!
This free online Salary Hike Calculator doesn’t store the data you enter, so be assured that the data stays private and is only for your use.
Now that you have received a good hike. It’s the perfect time to think about investments.
Consider using our SIP calculator tool to see how you can grow this money further. Good luck!
Like the tool? Please share it with your friends and colleagues. Follow us on Twitter for regular updates