Ans:
Hike in CTC percentage can be calculated by following the below-mentioned formulae:
CTC hike percentage formula = ((Revised CTC – Last CTC)/ Last CTC)*100
For example, if the revised CTC is 13 lakh and the last CTC was 11 Lakh for an employee, we can calculate the CTC hike percentage based on the above formulae.
CTC hike percentage = ((Revised CTC – Last CTC)/ Last CTC)*100
CTC hike percentage = ((13.0-11.0)/11.0)*100
= 18.1 %