<p style="margin: 10px 0px 0px; padding: 0px; box-sizing: border-box; font-size: medium; line-height: 1.6; color: #4a5568; font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;">A salary hike is an increase in your current salary, usually given as a percentage raise or a fixed amount after performance reviews or promotions.

To calculate salary hike percentage, use the formula:<br style="margin: 0px; padding: 0px; box-sizing: border-box; color: #4a5568; font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; font-size: 16px; background-color: #f9f9fc;" /><strong style="margin: 0px; padding: 0px; box-sizing: border-box; color: #4a5568; font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; font-size: 16px; background-color: #f9f9fc;">Hike % = [(New Salary - Old Salary) / Old Salary] &times; 100<br style="margin: 0px; padding: 0px; box-sizing: border-box; color: #4a5568; font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; font-size: 16px; background-color: #f9f9fc;" />For example, if your old salary is ₹50,000 and new salary is ₹55,000, the hike percentage is [(55,000 - 50,000) / 50,000] &times; 100 = 10%.