💵 Salary Increase Calculator
Calculate your new pay after a raise, or find out what percentage your pay increased.
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New Salary
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Raise Amount: $0
How to Calculate Your Pay Increase
There are two ways you might need to use a Salary Increase Calculator depending on what information you already have.
- You know your raise percentage: If your boss gives you a 5% raise, convert the percentage to a decimal (0.05). Multiply your current salary by 0.05 to find your raise amount. Add that to your current salary.
- You know your new salary: If you switched jobs and went from $50k to $60k, subtract the old from the new to find the raise ($10k). Divide the raise ($10k) by your old salary ($50k) to get 0.20, which is a 20% increase!
Frequently Asked Questions
Does this work for hourly pay? +
Yes! You can enter your hourly wage (e.g., $20) instead of an annual salary. The math works exactly the same whether it's an annual salary, weekly paycheck, or hourly rate.
Is my raise taxed differently? +
Your raise is taxed at your normal marginal income tax rate. It is not taxed as a "bonus" (which sometimes has a higher withholding rate). However, if your raise pushes you into a higher tax bracket, only the amount of money inside that new bracket is taxed at the higher rate.