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
From India, Chennai
Kindly find below the ans: If the salary is 15k. The 30% hike equals to 19500. =(15000*30%)+15000 =4500+15000 =19500 I hope your can understand Talentsorcerer
From India, Chennai
From India, Chennai
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/-
Unless you give 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 eg., if your basic is 10,000 and HRA (20 of Basic) is 2,000 that comes to 12,000 x 12 = 144,000. 30 % hike will be 30 % hike on Basic = 10,000 + (30% of 10,000) = 13,000, and HRA will automatically go up 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 increase the conveyance also by 15% (from 500 to 650).
So do the calculations after getting the breakup of your CTC.
From India, Kolkata
13If 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 increase the conveyance also by 15% (from 500 to 650).
So do the calculations after getting the breakup of your CTC.
From India, Kolkata
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
A small touching story mainly for professionals.d oc
The-Winning-for mula.pps
Split the Name - Formula.xls