1. What is Salary Increase Calculation?

The salary increase calculation determines the new salary after applying a percentage increase to the current salary. It's commonly used for raises, cost-of-living adjustments, and promotion salary changes.

2. How Does the Calculator Work?

The calculator uses the salary increase formula:

Where:

• Old Salary — Current salary amount
• Rate — Percentage increase (e.g., 5 for 5%)

Explanation: The formula calculates the increase amount and adds it to the original salary.

3. Importance of Salary Calculation

Details: Accurate salary calculations ensure fair compensation adjustments, help with budgeting, and provide transparency in compensation changes.

4. Using the Calculator

Tips: Enter current salary in your currency and the percentage increase you expect. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I calculate the actual raise amount?
A: Subtract the old salary from the new salary. The difference is your raise amount.

Q2: Does this work for salary decreases too?
A: Yes, simply enter a negative percentage for the rate (though this calculator only accepts positive values).

Q3: How often should salary increases be calculated?
A: Typically annually, but depends on company policy and individual circumstances.

Q4: Are taxes deducted from the increased amount?
A: This calculator shows gross salary. Net salary after taxes would be lower depending on your tax bracket.

Q5: Can I calculate multiple raises over time?
A: For multiple raises, you would need to apply the formula sequentially for each increase period.