Salary, hikes and bonus
See your pay before income tax, project it forward with your hikes and bonuses, work out your average hike, and see how big a bonus really is.
Taken out of CTC
Enter each as rupees a year or as a percentage of CTC. Percentage items grow with your pay, rupee amounts stay the same.
Bonuses on top of CTC
Add a bonus for any year you project, in rupees or as a percentage of that year's CTC. Each new one copies the last into the following year.
Income tax isn't included because it depends on your regime and investments.
Hike each year
Only know where you started and where you are
Bonuses received this year
About this calculator
CTC is not what reaches you
Cost to company includes things that never appear in your bank account: the employer's provident fund contribution, gratuity accrual, and often health insurance premiums. Subtracting those gives a far more realistic picture of monthly pay, before income tax is even considered.
Gratuity in particular is only payable after five years of continuous service, so counting it as part of your pay in year one is optimistic. This page lets you enter each deduction either as a rupee amount or as a percentage of CTC, so the percentage items grow with your salary and the fixed ones do not.
Your real average hike
Hikes compound, so they cannot be averaged by adding and dividing. Rises of 8%, 10% and 15% do not average 11%: compounded, they take ₹15 lakh to ₹20.49 lakh, which is 10.96% a year. The difference grows the more uneven the hikes are.
The compounded figure is the one to compare against inflation and against offers. If your compounded hike is below inflation, your pay is falling in real terms however good the individual percentages looked.
Common questions
How do I calculate my average yearly hike?
Divide the current CTC by the starting CTC, take the result to the power of one over the number of years, and subtract one. That compounded figure is fairer than averaging the individual percentages.
What is deducted from CTC to get take-home pay?
Employer and employee provident fund contributions, gratuity accrual, any insurance premium the company pays, and professional tax, followed by income tax on what remains.
Is a 10% hike good?
Compare it with inflation rather than with the number itself. A 10% hike when inflation is 6% is a real increase of about 3.8%. Below inflation, your pay has fallen in real terms.