How to Calculate a 30% Hike on CTC

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To calculate a 30% hike on an employee’s current CTC, multiply their current salary by 1.30. This results in a 30% increase in their CTC. (This is the easiest way to do it using a calculator.)

Here, 1.30 is the decimal value:

  • 1 represents the current CTC (100%)
  • 0.30 represents the hike in CTC (30%)
30% CTC hike on salary

Using Excel to Calculate a CTC Hike

How to calculate 30% hike on CTC
Download 30% Salary Hike Calculator (Excel)

Formula:
New CTC = Current CTC + (Current CTC * Hike Percentage)

(Ensure that the hike percentage is entered as a decimal, e.g., 30% as 0.30.)

Is a 30% hike on CTC good?

  • If your next job offers a 30% or more raise, congratulations, it is a reasonable hike !
  • However, the final decision should be taken based on the company’s salary policies and the competition for the job.

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