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A salary hike, also known as an increment is an increase in the current wage by a fixed percentage. This is expressed as a percentage of the current salary and is known as the percentage hike. A salary hike refers to an increment in salary. It includes upward adjustment of a person’s compensation package. It is usually given by an employer based on important factors like an employee’s performance, his experience, inflation, or fluctuations in the job market. Salary hikes are important achievements in an employee’s career. It shows recognition for their contributions and provides them with opportunities for increased financial stability and professional growth.. What is a salary hike? A salary hike is an addition to an employee’s compensation besides the bonus. Employers use salary hikes to adjust base salaries and compensation regularly. This type of salary increase is distinct from bonuses and commissions, which are typically performance-based. A salary hike typically recognises an employee’s long service to a company and reflects changes in the employee’s responsibilities towards them. Salary Hike Calculator Work Input Current Salary Details: Users can start by entering their current salary data into the calculator. This includes their current salary amount, any extra benefits or allowances received, and other details like bonuses or commissions. Enter Proposed Salary Adjustments: After that, users input the proposed salary adjustments. This could include factors such as a percentage increase in salary, a fixed amount of raise, or any changes in benefits or allowances. Calculate Salary Hike Percentage: Once the current and proposed salary details are entered, the calculator applies a predefined formula to calculate the percentage increase in salary. This formula typically involves subtracting the current salary from the new salary, dividing it by the current salary, and then multiplying by 100 to obtain the percentage increase. Display Updated Salary Amount: After the calculation is complete, the calculator displays the updated salary amount post-hike. This provides users with a clear understanding of how their salary has changed and what their new income level will be. Optional Features: Some advanced Salary Hike Calculators may offer additional features such as comparison tools to analyze different salary hike scenarios, charts or graphs to visualize the impact of salary adjustments, and options to factor in tax implications or other financial considerations. How to Calculate Salary Hike Percentage? Determine Current Salary: Start by identifying the individual’s current salary. This could be their annual salary, monthly salary, or any other period-specific amount. Identify New Salary: Next, determine the new or proposed salary after the hike. This could be the result of a salary increase, promotion, or any other change in compensation. Calculate the Difference: Find the difference between the new salary and the current salary. This can be done by subtracting the current salary from the new salary. Calculate Percentage Increase: Divide the difference obtained in step 3 by the current salary. Then, multiply the result by 100 to express it as a percentage. Formula to calculate hike percentage (New salary – Old salary) * 100 / (Old salary) = Salary hike percentage Here is an example to help you understand:Suppose your monthly salary was ₹30,000 and your new salary is ₹36,000. The salary increase would be ₹35,000 – ₹30,000 = ₹6,000. Here, the hike percentage would become (₹6,000100) / ₹30,000 = 20%. Common reasons for salary hike Displaying a good work ethic and positive attitude: A positive attitude and a strong work ethic can help you influence and improve the performance of your colleagues. Managers reward employees who uphold ethical standards and are diligent, as this fosters productive engagement within the organisation. Inspiring and challenging your colleagues: Employees who exhibit leadership abilities and understand their teammates’ motivations are likely to be the next generation of managers and senior staff. A salary hike is one way to motivate them to stay with the company. Being proactive: Performing tasks without being asked and trying to boost your skills and knowledge can help you become a greater asset to the company. When you are proactive and can identify what the company has set as a criterion for a salary hike, you can fulfil them and increase your prospect of receiving an increment. FAQs When was the last time you received a salary hike? The date you started your job and the last time you received a raise can also affect your chances of receiving a successful salary increase. If you joined the business recently, or if you have received a raise within the last six months, your employer may not consider your request for a pay increase. It may be a good time to request a raise if you have not received one in years and have continued to take on more responsibility at work and perform well. If you believe you are due for a raise, consider the following to help you gauge your progress and quantify it in terms of the deserved salary hike: Collect all information about your work history and increasing responsibilities, including dates and amounts of previous hikes. Compile a list of your significant accomplishments and completed projects since your last salary hike. What makes me deserving of a hike? By asking yourself why you deserve a raise, you can determine your major objectives. Perhaps you deserve a raise because of the value you bring to the company, or you wish to earn additional money to increase your disposable income. When requesting a salary increase, it is crucial to exhibit your value to the organisation. If you believe that you deserve a salary hike, it can be easier to convince your employer for the same. With the following tips, you can request an adequate raise: Compare your compensation to the national average for the same role. This can help you establish a starting point for salary negotiations. Compile a list of initiatives you have taken, your skills and expertise that can benefit the company and use it to determine your eligibility for a raise.

Any trust, organization, or Section 8 charity that accepts a foreign contribution or donation must register under Section 6(1) of the Foreign Contribution Regulation Act, 2010. This kind of registration is called an FCRA registration because it is mandated by the Foreign Contribution Regulation Act of 2010. the world is more focused towards social and environmental causes. Businesses themselves, apart from their regular objective of profit-making, are actively involved in activities that promote social, economic, cultural and environmental growth and prosperity.  The world today is so well connected and so well linked that accessibility to any part of the world is easy. Transactions between people, places and countries take place on a day to day basis. As a result, the flow of foreign currency into and out of each country is now completely natural and an absolute commonality.  The Objective of FCRA 2010 The Foreign Contribution Regulation Act, 2010 was enacted with a view to:- Regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individual associations or companies. Prohibit the acceptance and utilization of foreign hospitality or foreign contribution for any activities unfavourable to national interest and for matters related to therewith or incidental thereto. The Eligibility Requirements Standard Procedure for Registration Regular registration necessitates that applicants fulfill certain conditions. An application must be eligible under the law, which may necessitate registration as a Section 8 business under the Companies Act of 2013 or as a society under the Society Registration Act of 1860 or the Indian Trusts Act of 1882. Must have significantly impacted the world by accomplishing novel things within its field. Must have put in at least Rs—10,00,000 over the past three years to succeed (Excluding administrative expenditure). Please include copies of audited financial accounts prepared by qualified Chartered Accountants for the prior three years to apply. A newly constituted corporation can get approval from the Ministry of Home Affairs to accept foreign donations for a specific purpose, activity, and source through a process called Prior Permission (PP). The Requirement for Preceding Authorization and Documentation Prior Permission Registration The Prior Permission route is ideally suited for those organizations which are newly registered and would like to receive foreign contributions. This is granted for receipt of a specific amount from a specific donor for carrying out specific activities/projects. The association must:- Be registered under the Societies Registration Act, 1860 or the Indian Trusts Act, 1882 or registered as Section 8 Company as per the Companies Act, 2013 or any such Act as may be required. Submit a specific commitment letter from the donor to the Ministry of Home Affairs which indicates:- Amount of contribution given Purpose for which it is proposed to be given Where the Indian recipient organization and foreign donor organization have common members, the following conditions need to be met: The Chief Functionary of the Indian organization can’t be part of the donor organization. At least 51% of the members/office-bearers of the governing body of the Indian recipient organization should not be employees/members of the foreign donor organization. Where the foreign donor is an individual: He cannot be the Chief Functionary of the Indian organization. At least 51% office bearers/members of the governing body of the recipient organization should not be the family members and close relatives of the donor. Criteria for grant of FCRA Registration The ‘person’ or ‘entity’ making an application for registration or grant of prior permission- Is not fictitious or benami; Has not been prosecuted or convicted for indulging in activities aimed at conversion through inducement or force, either directly or indirectly, from one religious faith to another; Has not been prosecuted or convicted for creating communal tension or disharmony in any specified district or any other part of the country; Has not been found guilty of diversion or mis-utilisation of its funds; Is not engaged or likely to engage in propagation of sedition or advocate violent methods to achieve its ends; Is not likely to use the foreign contribution for personal gains or divert it for undesirable purposes; Has not contravened any of the provisions of this Act; Has not been prohibited from accepting foreign contribution; The person being an individual, such individual has neither been convicted under any law for the time being in force nor any prosecution for any offence is pending against him. The person being other than an individual, any of its directors or office bearers has neither been convicted under any law for the time being in force nor any prosecution for any offence is pending against him. The acceptance of foreign contribution by the entity / person is not likely to affect prejudicially – The sovereignty and integrity of India; The security, strategic, scientific or economic interest of the State; The public interest; Freedom or fairness of election to any Legislature; Friendly relation with any foreign State; Harmony between religious, racial, social, linguistic, regional groups, castes or communities. The acceptance of foreign contribution- Shall not lead to incitement of an offence; Shall not endanger the life or physical safety of any person. How to Apply for FCRA Registration The first step is the one where the online portal of FCRA needs to be accessed. Form FC – 3A (Application for FCRA Registration) or Form FC – 3B (Application for FCRA Prior Permission) is to be clicked on, as the case may be. The webpage will next present the user with an option to apply online. Once the “Apply Online” option is selected, the next step is to create a username and password by clicking on “Sign Up”. Once a username and a password have been created, and the message regarding the same is displayed on the screen, the applicant may log in to the account. Once logged in, the “I am applying for” will have a dropdown list from which FCRA Registration has to be chosen. “Apply Online” is to be selected next, following which “Proceed Registration” has to be selected. Next, in the title bar, the FC-3 menu is to be clicked on to start