Lakshmi Machine Works Payroll Executive Salaries by 5 Employees (Updated 2025)

0 - 3 years exp.

₹1 Lakh - ₹2.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

52% less than the average Payroll Executive Salary in Industrial Machinery Companies for 0 - 3 years of experience

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Salaries in different departments

Human Resources Payroll Executive Salary 2 - 3 years exp. (3 salaries)	₹1 L/yr - ₹2.6 L/yr
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Engineering - Software & QA Payroll Executive Salary Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.8 L/yr

Last Updated: 29 Mar 2025

Companies similar to Lakshmi Machine Works for Payroll Executive

Company name	Avg Annual Salary	Open Jobs
Tata Hitachi Construction Machinery Payroll Executive Salary 1 - 3 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 147% more
Ascent HR Technologies Private Limited Payroll Executive Salary 0 - 4 years exp. (199 salaries)	₹1.9 L/yr - ₹6 L/yr 109% more
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Team Lease Payroll Executive Salary 0 - 5 years exp. (126 salaries)	₹1.8 L/yr - ₹5.1 L/yr 122% more
Automatic Data Processing (ADP) Payroll Executive Salary 1 - 8 years exp. (120 salaries)	₹2.5 L/yr - ₹8 L/yr 227% more
PaySquare Consultancy Payroll Executive Salary 1 - 6 years exp. (120 salaries)	₹1.2 L/yr - ₹4.8 L/yr 81% more

Payroll Executive salary at Lakshmi Machine Works ranges between ₹1 Lakh to ₹2.6 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Payroll Executive salaries

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.2 L/yr
1 year (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.6 L/yr
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2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

Similar Designation salaries in Lakshmi Machine Works

Sales Executive Salary

(3 salaries)

₹3.6 L/yr - ₹5.5 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Administration Executive Salary

(4 salaries)

₹1.7 L/yr - ₹2.7 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Account Assistant Salary

(3 salaries)

₹2.5 L/yr - ₹3.25 L/yr

HR Assistant Salary

(12 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Officer Salary

(11 salaries)

₹5.5 L/yr - ₹10 L/yr

Salary related reviews for Lakshmi Machine Works

Technical Sales Engineer in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 06 Oct 2023

4.0

for Salary and Benefits

Likes

For sales and service traveling expenses are really good. New joiners gets attractive packages.

Salary - Good

+3 more

Dislikes

No value for old employees. Less appraisal. Salary of loyal employees will be very less compared to new joiners.

Skill development - Poor

+2 more

Purchase Engineer in Coimbatore

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Sep 2023

3.0

for Salary and Benefits

Likes

No positives

Promotions - Good

Dislikes

...agers frequently bothering even during medical leave due to system shortcomings. High attrition rates plague SCM, exacerbated by attractive salary offers that ultimately lead to rapid resignations due to this culture less working environment. Prospective employees are requested to thoroughly investigate before joining or don't consider this organization.

Skill development - Bad

+3 more

System Incharge in Coimbatore

Full Time

Engineering - Software & QA Department

3.0

• posted on 30 Dec 2022

2.0

for Salary and Benefits

Likes

Ya best company to work but the one below management is very very poor. Can learn lot of things and can take the product owner ship but work life balance is very worst in the present management. And need to work only for one person in the company not for the betterment of company growth. And work life balance is very very very poor.

Skill development - Good

Dislikes

Salary, work life balance and very worst culture

Salary - Poor

+4 more

Engineer in Coimbatore

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 12 Feb 2023

4.0

for Salary and Benefits

Likes

Salary and Other supports by the management are Highlights.

Salary - Good

+1 more

Dislikes

Employees will show every day that its a naidu concern. They don't worry about the communication. How worst is they talk in telegu in a meeting , even team things inside the team.

Skill development - Poor

+3 more

Senior Sales Engineer in No Office In My City

Sales & Business Development Department

3.0

• posted on 29 Jun 2022

3.0

for Salary and Benefits

Likes

Timely salary.

Job security - Excellent

Dislikes

1. Travel re-imbursement takes 4 months to come. 2. Application team don't support sales team. 3. Higher cost than other competitors. 4. Visionless management. 5. No correlation between departments 6. Non cooperative HR 7. Discrimination between employees. 8. Impractical sales Targets 9. Communication gap. 10. Head office people don't even receive calls. 11. Adament attitude. 12. Even bad behaviour with small scale customers. 13. Roles are not defined.

Skill development - Poor

+4 more

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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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Lakshmi Machine Works Payroll Executive Salary FAQs

What is the salary of Payroll Executive at Lakshmi Machine Works ?

The average salary of a Payroll Executive at Lakshmi Machine Works in India typically ranges from ₹1.0 Lakhs to ₹2.6 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Payroll Executive at Lakshmi Machine Works earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹2.6 Lakhs per year. Payroll Executive Salaries at Lakshmi Machine Works 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 5 Lakshmi Machine Works employees in India.

What is the estimated take home salary of a Payroll Executive at Lakshmi Machine Works in India?

The estimated take-home salary of a Payroll Executive at Lakshmi Machine Works in India typically ranges from ₹10,983 to ₹12,202 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from Fresher 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 5 salaries received from various employees of Lakshmi Machine Works. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Lakshmi Machine Works for Payroll Executive in India?

Automatic Data Processing (ADP)	₹2.5 Lakhs to ₹8.0 Lakhs per year
Tata Hitachi Construction Machinery	₹3.6 Lakhs to ₹4.6 Lakhs per year
Team Lease	₹1.8 Lakhs to ₹5.1 Lakhs per year
Ascent HR Technologies Private Limited	₹1.9 Lakhs to ₹6.0 Lakhs per year
PaySquare Consultancy	₹1.2 Lakhs to ₹4.8 Lakhs per year

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

How the salary growth look like for a Payroll Executive at Lakshmi Machine Works in India?

The salary growth for a Payroll Executive at Lakshmi Machine Works depends on factors such as experience, performance, and promotions. On average, a Payroll Executive can expect the following growth trajectory at Lakshmi Machine Works:

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹1.2 Lakhs per year
1 year	₹1.3 Lakhs to ₹1.6 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.5 Lakhs per year

and so on.

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Lakshmi Machine Works Payroll Executive Salaries

Lakshmi Machine Works Payroll Executive salary in India ranges between ₹1 Lakh to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.