As you have not mentioned any previous salary details, I have made following assumptions:
- You started your career with Rs.25000 per month, 4 years back.
- You are talking about Mechanical industry.
- Your performance rating will be above 95% all the years.
- I have not considered any special rewards and recognitions.
You can expect maximum 15% hike in your salary every year.
After 1 year:
Salary per month =(25000 * 0.15) + 25000 = Rs.28,750 (approx)
After 2nd year:
Salary per month =(28750 * 0.15) + 28750 = Rs.33,062 (approx)
After 3rd year:
Salary per month =(33062 * 0.15) + 33062 = Rs.38,022 (approx)
After 4 year:
Now, I am assuming you are switching into another company. So, you can expect around 30–40% rise.
Salary per month = (38022 * 0.30) + 38022 = Rs. 49,428 (approx)
So, you can expect around 7.5–8 lpa.
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