Dear Professionals, Kindly help me out how to calculate 30% Hike for current salary? My Current CTC is 144000. Pls let know the formula also. Thanks and Regards, Hari
From India, Chennai
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From India, Chennai
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Very simple formula for your problem is : Example: 1.Your CTC per month is Rs.10,000/ 2. 30% hike on Rs.10,000/- is Rs.3000/ ( 30/100*10,000) 3.Your Monthly CTC is Rs.13,000/-
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Unless you provide a break-up of your CTC, it is difficult to calculate the new figure after a 30% hike. There may be fixed components in your salary and percentage components. For example, if your basic is 10,000 and HRA (20% of Basic) is 2,000, that amounts to 12,000 x 12 = 144,000. A 30% hike will result in a 30% hike on Basic = 10,000 + (30% of 10,000) = 13,000, and HRA will automatically increase to 2,600, giving you a total salary of 15,600.
If your salary breakup is Basic 10,000, HRA 15% of Basic (1,500), and Conveyance Allowance is 500 (fixed), then only a 30% hike in Basic will not make the salary 15,600 unless you also increase the conveyance by 15% (from 500 to 650). So, do the calculations after obtaining the breakup of your CTC.
From India, Kolkata
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14If your salary breakup is Basic 10,000, HRA 15% of Basic (1,500), and Conveyance Allowance is 500 (fixed), then only a 30% hike in Basic will not make the salary 15,600 unless you also increase the conveyance by 15% (from 500 to 650). So, do the calculations after obtaining the breakup of your CTC.
From India, Kolkata
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SALARY SHEET CALCULATION.xls
Salary calculation.doc