Magenta Finance Services Accounts Head Salaries by 4 Employees

Last Updated: 6 Dec 2023

Companies similar to Magenta Finance Services for Accounts Head

Company name	Avg Annual Salary	Open Jobs
TCS Accounts Head Salary 7 - 9 years exp. (3 salaries)	₹4.9 L/yr - ₹6.2 L/yr 23% less
Ninety Nine Builders Accounts Head Salary 27 years exp. (11 salaries)	₹12.1 L/yr - ₹12.5 L/yr 76% more
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Lahoty Brothers Accounts Head Salary 2 - 5 years exp. (6 salaries)	₹2.6 L/yr - ₹3.2 L/yr 60% less
BSS Anuj Industries Accounts Head Salary 7 - 11 years exp. (5 salaries)	₹3.6 L/yr - ₹6 L/yr 22% less
Alluring India Destination Accounts Head Salary 1 - 6 years exp. (5 salaries)	₹2.4 L/yr - ₹4.3 L/yr 53% less

Accounts Head salary at Magenta Finance Services ranges between ₹6.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Magenta Finance Services.

Experience wise Magenta Finance Services Accounts Head salaries

Last Updated: 6 Dec 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
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10 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
11 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr

Similar Designation salaries in Magenta Finance Services

Accountant Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Senior Accounts Executive Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

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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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Magenta Finance Services Accounts Head Salary FAQs

What is the salary of Accounts Head at Magenta Finance Services ?

The average salary of a Accounts Head at Magenta Finance Services in India typically ranges from ₹6.5 Lakhs to ₹8.1 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of Accounts Head at Magenta Finance Services earn more than ₹8.1 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Accounts Head Salaries at Magenta Finance 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 Magenta Finance Services employees in India.

What is the estimated take home salary of a Accounts Head at Magenta Finance Services in India?

The estimated take-home salary of a Accounts Head at Magenta Finance Services in India typically ranges from ₹52,309 to ₹53,609 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from 8 years to 11 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 Magenta Finance Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magenta Finance Services for Accounts Head in India?

Ninety Nine Builders

₹12.1 Lakhs to ₹12.5 Lakhs per year

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

What is the salary of a Accounts Head in companies similar to Magenta Finance Services in India?

The salary of a Accounts Head at companies similar to Magenta Finance Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

BSS Anuj Industries	₹3.6 Lakhs to ₹6.0 Lakhs per year
TCS	₹4.9 Lakhs to ₹6.2 Lakhs per year
Alluring India Destination	₹2.4 Lakhs to ₹4.3 Lakhs per year
Lahoty Brothers	₹2.6 Lakhs to ₹3.2 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 Accounts Head at Magenta Finance Services in India?

The salary growth for a Accounts Head at Magenta Finance Services depends on factors such as experience, performance, and promotions. On average, a Accounts Head can expect the following growth trajectory at Magenta Finance Services:

Experience	Average Salary Range
8 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
9 years	₹6.0 Lakhs to ₹7.7 Lakhs per year
10 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
11 years	₹6.9 Lakhs to ₹8.8 Lakhs per year

and so on.

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Magenta Finance Services Accounts Head Salaries

Magenta Finance Services Accounts Head salary in India ranges between ₹6.5 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magenta Finance Services latest salaries received from various employees of Magenta Finance Services.