# Hike Calculator

A salary percentage calculator is one of the effective tools used to calculate the salary based on the percentage. The interface used in this tool is interactive and well-programmed to simplify the computation. You can also find your new salary using a hike percentage or increment.

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## Find the percentage of a salary hike?

Percentage of Hike: %

## Formula for salary calculation:

Current CTC (Salary) * Salary Hike Percentage = New Salary

## How to calculate salary increment percentage?

• Step 1: First, Calculate the decimal value of salary hike percentage (i.e) salary percentage divided by 100
• Step 2: Then, Multiply the decimal value to the current CTC.
• Step 3: Now add the final value to your current CTC.
• Step 4: Finally the new salary value is displayed.

For Example:

## How to calculate a 30% hike on 28000?

1. First find the decimal value of 30% is 30/100 = 0.30
2. Then multiply the 0.30 into 28000 = 0.30 * 28000
3. Then you got 8400.
4. And add the 8400 + 28000 = 36400
5. Hence, New Salary is 36400.

## Formula for salary increment calculation:

(CTC Salary - Old Salary)/ (Old Salary) * 100 = Salary Increment Percentage

## How to calculate the salary increment percentage using old and new salaries?

• Step 1: First minus your new CTC and Old CTC.
• Step 2: Then divide the value by the old salary.
• Step 3: Next multiply the value with 100.
• Step 4: Hence the salary increment percentage is calculated.

For Example:

## How to calculate the percentage of increase from 28000 to 36400?

1. First, Minus between the 36400 and 28000
2. Then, got the value of 36400 - 28000 = 8400
3. Then divide the 8400 by old salary = 8400/28000 = 0.30
4. Finally, multiply the 0.30 into 100 = 0.30 * 100
5. Hence, got the Salary Increment percentage between old and new salary is 30%

Tips: How to use our tool:-

Let's see how this salary percentage calculator works provided with a hike or percentage. For example: Assume CTC is 10k per month and 20% are now added as a hike. Let's see how to calculate the new salary now.

How to calculate a 20% hike on 10000?

• Step 1: In the current CTC, enter 10000.
• Step 2: Enter the hike percentage value as 20% in the provided hike field.
• Step 3: Now click the calculate option to find the new salary.
• Step 4: The new salary gets displayed as 12,000.

That's it! This is how the salary percentage calculator works. You can also calculate as many times in a day. In particular, use a clear or reset option to stay with happy calculations forever.