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Salary grew from $40,000 to $60,000 over 10 years; a 50% total increase. The compound annual growth rate (CAGR) of the salary is 4.14%. CAGR calculation captures consistent annual growth, allowing ...
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8th Pay Commission: How much will the minimum salary and pension increase, what will be the impact on gratuity?By January 2026, it will increase to 59 percent. This means that the minimum salary will be Rs 28,620 ... 4.89 lakh after 30 years of service. If we calculate it by a fitment factor of 2.57 ...
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