Understanding Salary Hikes
When you receive an appraisal or switch jobs, your salary increase is usually communicated as a percentage hike (e.g., “a 20% hike”). This calculator helps you determine exactly what your new total salary will be.
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Official Calculation Formula
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In-Hand Salary Reality
A 20% hike in your CTC (Cost to Company) does NOT mean a 20% increase in your monthly in-hand salary. Hikes are often heavily concentrated in variable pay, bonuses, or EPF contributions, and higher salaries may push you into a higher tax bracket. Always ask for a detailed component breakdown.