FastPercentageCalculator
FastPercentageCalculator

Percentage Increase in Salary Calculator

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Salary Increase Calculator
Calculate your salary increase or find your new salary based on a percentage hike
How It Calculate
  1. Subtract the old salary from the new salary.
  2. Divide the result by the old salary.
  3. Multiply by 100 to get the percentage increase.
  4. View your result in the highlighted box below the calculator.
Formula Used

For Percentage Increase:

Percentage Increase = ((New Salary - Current Salary) / Current Salary) x 100

For New Salary by Percentage:

New Salary = Current Salary x (1 + (Percentage Increase / 100))
Example #1

If your old salary was $50,000 and your new salary is $55,000:

  • Current Salary: $50,000
  • New salary is $55,000

Calculating the new salary:

New Salary = [(55,000 - 50,000) / 50,000] 100 = (5,000 / 50,000) x 100 = 10%

Therefore, your salary is increased by 10%.

Example #2

Let's say your current salary is $50,000 and you receive a 5% increase:

  • Current Salary: $50,000
  • Percentage Increase: 5%

Calculating the new salary:

New Salary = $50,000 x (1 + (5 / 100)) = $50,000 x 1.05 = $52,500

Therefore, after a 5% increase, your new salary would be $52,500.

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