Percentage Increase Formula:
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The salary increase percentage measures how much your salary has grown compared to your previous salary. It's a key metric for evaluating career growth, negotiating raises, and financial planning in the Indian job market.
The calculator uses the percentage increase formula:
Where:
Explanation: The formula calculates the relative difference between your new and old salary as a percentage of your old salary.
Details: Understanding your salary increase helps in evaluating job offers, assessing career growth, financial planning, and negotiating better compensation in the Indian employment context.
Tips: Enter both old and new salary amounts in Indian Rupees (INR). The calculator will show the percentage increase between the two amounts.
Q1: What's considered a good salary increase in India?
A: Typically, 10-15% is standard for annual increments, while 20-30% or more is considered good when switching jobs.
Q2: Should I consider inflation when evaluating salary increases?
A: Yes, ideally your salary increase should be higher than inflation (typically 5-7% in India) for real income growth.
Q3: How does this differ from CTC to take-home increase?
A: This calculates gross increase. For net increase, consider deductions like taxes, PF, etc. which vary based on salary structure.
Q4: What if my salary decreased?
A: The calculator will show a negative percentage, indicating a salary reduction.
Q5: How often should I calculate my salary increase?
A: Annually to track career progress, or whenever considering a job change or promotion.