IBS Software Services Chennai Software Developer Salaries by 4 Employees

1 - 3 years exp.

₹4 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Software Developer Salary in Software Product Companies for 1 - 3 years of experience

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Last Updated: 1 Nov 2024

Companies similar to IBS Software Services for Software Developer in Chennai

IBS Software Services Software Developer Salary

1 - 3 years exp. (4 salaries)

₹4 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Financial Software & Systems Software Developer Salary 0 - 4 years exp. (62 salaries)	₹3 L/yr - ₹7.5 L/yr 12% less
Ramco Systems Software Developer Salary 1 - 6 years exp. (48 salaries)	₹2.8 L/yr - ₹8 L/yr 14% more
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Novac Technology Solutions Software Developer Salary 0 - 3 years exp. (45 salaries)	₹2.2 L/yr - ₹6 L/yr 22% less
Temenos Software Developer Salary 1 - 5 years exp. (42 salaries)	₹5.7 L/yr - ₹12 L/yr 64% more
R Systems International Software Developer Salary 2 - 7 years exp. (23 salaries)	₹3.2 L/yr - ₹8.5 L/yr 41% more
Nucleus Software Exports Software Developer Salary 2 - 5 years exp. (6 salaries)	₹6 L/yr - ₹13.3 L/yr 87% more
EbixCash Limited Software Developer Salary 3 - 5 years exp. (5 salaries)	₹2.4 L/yr - ₹8.1 L/yr 24% more

Software Developer salary at IBS Software Services ranges between ₹4 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of IBS Software Services.

Experience wise IBS Software Services Software Developer salaries in Chennai

Last Updated: 1 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
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3 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr

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Salary related reviews for IBS Software Services

Software Developer in Thiruvananthapuram

Engineering - Software & QA Department

3.0

• posted on 30 Jan 2021

2.0

for Salary and Benefits

Likes

Team mates,

Skill development - Good

+1 more

Dislikes

Compensation very low, Too much work, no work life balance. Internal politics, favourism by manager. HR department is a disaster. When you approach them for a concern, the kind of replies they give is so unprofessional.

Salary - Poor

+4 more

Lead Software Engineer in Kochi

Full Time

Engineering - Software & QA Department

4.0

• posted on 24 Aug 2023

3.0

for Salary and Benefits

Likes

Except salary we have other benefits.Appraisal is low comparitively,will get 2-10 percentage in a year. Company culture was good, less politics. Have a good training team which helps to skill development.

Skill development - Good

+2 more

Dislikes

Some times could not able to maintain work life balance.when working with product team.

Senior Software Engineer in Thiruvananthapuram

Full Time

Engineering - Software & QA Department

3.0

• posted on 14 Dec 2018

1.0

for Salary and Benefits

Likes

Work environment

Job security - Good

Dislikes

...ou would feel like you are the only one who can handle what you have did before. But don't expect the salary hike. You would get team champ, excellence awards but these won't get reflects in your salary.

Salary - Bad

Technical Lead in Bangalore / Bengaluru

Engineering - Software & QA Department

4.0

• posted on 11 May 2022

4.0

for Salary and Benefits

Likes

CTC is not inflated with frivolous components. They tell and write what they pay, which felt very transparent, rare to see nowadays. That was a huge win, atleast for me. Job security is there, learning takes place almost daily and they encourage to learn more. I have also heard about good insurance policy, but have never utilised on this, so no idea. Good place to grow. They give real WFH and not a fake one like 3 day office and 2 day WFH etc - so freedom of work location is definitely there. Also, Hiring HRs were definitely among the best ones I had encountered among the other offers I had received. I can stay a long time here if they give full WFH, try to maintain a better work life balance and give better hikes.

Salary - Good

+3 more

Dislikes

Work life balance is bad, no doubts about it. Sometimes one might have to work on weekends too, for some teams. Hikes are not the best either.

Work-life balance - Poor

Senior Software Engineer in Kochi

Engineering - Software & QA Department

4.0

• posted on 26 Feb 2022

3.0

for Salary and Benefits

Likes

- Good work environment and team - Very flexible timing - No micro-management or monitoring - Access to paid learning platforms - Good leave policies and no restriction in taking leaves. - Product-based company so will get exposure to enterprise graded technologies

Skill development - Excellent

+4 more

Dislikes

- The salary of existing employees are 40 to 60% less than new joiners. - Health insurance amount is less when compared to other similar companies

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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IBS Software Services Software Developer Salary FAQs

What is the salary of Software Developer at IBS Software Services in Chennai?

The average salary of a Software Developer at IBS Software Services in Chennai typically ranges from ₹4.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Developer in Chennai at IBS Software Services earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Software Developer Salaries at IBS Software Services can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 IBS Software Services employees in India.

What is the estimated take home salary of a Software Developer at IBS Software Services in Chennai?

The estimated take-home salary of a Software Developer at IBS Software Services in Chennai typically ranges from ₹36,952 to ₹38,162 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of IBS Software Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IBS Software Services for Software Developer in India?

Nucleus Software Exports	₹6.0 Lakhs to ₹13.3 Lakhs per year
Temenos	₹5.7 Lakhs to ₹12.0 Lakhs per year
R Systems International	₹3.2 Lakhs to ₹8.5 Lakhs per year
EbixCash Limited	₹2.4 Lakhs to ₹8.1 Lakhs per year
Ramco Systems	₹2.8 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IBS Software Services, depending on the role and experience level.

What is the salary of a Software Developer in companies similar to IBS Software Services in Chennai?

The salary of a Software Developer at companies similar to IBS Software Services in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Financial Software & Systems	₹3.0 Lakhs to ₹7.5 Lakhs per year
Novac Technology Solutions	₹2.2 Lakhs to ₹6.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Software Developer at IBS Software Services in Chennai?

The salary growth for a Software Developer at IBS Software Services in Chennai depends on factors such as experience, performance, and promotions. On average, a Software Developer in Chennai can expect the following growth trajectory at IBS Software Services:

Experience	Average Salary Range
1 year	₹4.2 Lakhs to ₹5.4 Lakhs per year
2 years	₹4.4 Lakhs to ₹5.7 Lakhs per year
3 years	₹4.7 Lakhs to ₹6.0 Lakhs per year

and so on.

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IBS Software Services Software Developer Salaries in Chennai

IBS Software Services Software Developer salary in Chennai ranges between ₹4 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IBS Software Services latest salaries received from various employees of IBS Software Services.