Salary Growth Tracker
Project your salary growth over the years
Enter Details
Track your salary progression
Used to calculate real (inflation-adjusted) salary
How Do Salary Growth Calculators Work?
Salary growth calculators project your future salary based on annual increments and inflation. They help you understand how your income will grow over time and its real purchasing power. Here's a step-by-step explanation:
Enter Current Salary and Growth Rate
Input your current annual salary and expected annual hike percentage. The calculator uses compound annual growth rate (CAGR) where each year, salary increases by the specified percentage. Formula: New Salary = Previous Salary × (1 + Hike%).
Project Nominal Salary Growth
The calculator projects your salary year by year, showing the nominal (actual) salary amount in future years. It displays year-wise breakdown with increase amounts, helping you see how your salary grows over the specified period.
Adjust for Inflation
Real Salary = Nominal Salary / (1 + Inflation)^Years. The calculator adjusts your future salary for inflation to show purchasing power in today's terms. This helps you understand the actual value of your future income, as inflation reduces purchasing power over time.
Understanding Your Salary Growth Calculation
Learn how salary growth calculations work
Understanding Salary Growth Calculation
Salary growth calculators help you project your future salary by accounting for annual hikes and inflation. They show both nominal salary (actual amount) and real salary (purchasing power in today's terms), helping you plan your financial future.
Formula:
Nominal Salary = Current Salary × (1 + Hike%)^Years | Real Salary = Nominal Salary / (1 + Inflation%)^YearsKey Points:
- •Nominal salary shows actual future amount you'll receive
- •Real salary shows purchasing power adjusted for inflation
- •Typical annual hikes range from 5-15% depending on industry and performance
- •Inflation typically ranges from 4-6% annually in India
- •Real salary growth helps you understand if your income keeps pace with inflation
Frequently Asked Questions
Common questions about salary growth
Disclaimer
These calculators are for estimation and educational purposes only. For personalized financial advice, please consult a qualified financial advisor or chartered accountant.
All calculations are based on standard formulas and current tax laws. Actual results may vary based on individual circumstances and applicable regulations.
How to Track Salary Growth Over the Years
Tracking salary growth helps you understand how your income has progressed over time and whether it is keeping pace with your career goals and rising living costs.
What Is a Good Salary Growth Percentage in India?
Employees often wonder whether their salary growth is good enough. While there is no fixed number, understanding typical salary growth trends in India helps set realistic expectations.
How Job Switches Impact Long-Term Salary Growth
Job switching is one of the most effective ways to increase salary in India. Many professionals switch jobs to accelerate income growth and career advancement.