Innovation Systems Machilipatnam Software Engineer Salaries by 4 Employees

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₹5.5 Lakhs - ₹7.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Software Engineer Salary for 3 years of experience

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Last Updated: 9 Mar 2024

Companies similar to Innovation Systems for Software Engineer in Machilipatnam

Innovation Systems Software Engineer Salary

3 years exp. (4 salaries)

₹5.5 L/yr - ₹7.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Cotiviti Software Engineer Salary 1 - 4 years exp. (3 salaries)	₹9 L/yr - ₹13.5 L/yr 75% more	1 job opening

Software Engineer salary at Innovation Systems ranges between ₹5.5 Lakhs to ₹7.6 Lakhs per year for employees with 3 years of experience. Salary estimates are based on 4 latest salaries received from various employees of Innovation Systems.

Experience wise Innovation Systems Software Engineer salaries in Machilipatnam

Last Updated: 9 Mar 2024

Experience	Avg Annual Salary
3 years (4 salaries)	₹2.1 L/yr - ₹5.5 L/yr
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Salary related reviews for Innovation Systems

Software Developer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 02 Jan 2025

4.0

for Salary and Benefits

Likes

A strong focus on innovation and new technologies, a collaborative work environment with opportunities to contribute ideas, a good work-life balance, a supportive management team that values employee development, and a commitment to delivering high-quality software solutions for global clients; all while maintaining a culture of transparency and open communication

Salary - Good

+6 more

Dislikes

A role that isn't challenging you anymore

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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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Innovation Systems Software Engineer Salary FAQs

What is the salary of Software Engineer at Innovation Systems in Machilipatnam?

The average salary of a Software Engineer at Innovation Systems in Machilipatnam typically ranges from ₹5.5 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 3 years to 3 years).

The top 10% of Software Engineer in Machilipatnam at Innovation Systems earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Software Engineer Salaries at Innovation Systems 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 Innovation Systems employees in India.

What is the estimated take home salary of a Software Engineer at Innovation Systems in Machilipatnam?

The estimated take-home salary of a Software Engineer at Innovation Systems in Machilipatnam typically ranges from ₹44,607 to ₹45,704 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 3 years 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 Innovation Systems. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Innovation Systems for Software Engineer in India?

Cotiviti

₹9.0 Lakhs to ₹13.5 Lakhs per year

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

How the salary growth look like for a Software Engineer at Innovation Systems in Machilipatnam?

The salary growth for a Software Engineer at Innovation Systems in Machilipatnam depends on factors such as experience, performance, and promotions. On average, a Software Engineer in Machilipatnam can expect the following growth trajectory at Innovation Systems:

Experience	Average Salary Range
3 years	₹2.1 Lakhs to ₹5.5 Lakhs per year

and so on.

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Innovation Systems Software Engineer Salaries in Machilipatnam

Innovation Systems Software Engineer salary in Machilipatnam ranges between ₹5.5 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Innovation Systems latest salaries received from various employees of Innovation Systems.