Magnasoft Consulting India Software Developer Salaries by 4 Employees

0 - 5 years exp.

₹4 Lakhs - ₹4.9 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Software Developer Salary in IT Services & Consulting Companies for 0 - 5 years of experience

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Last Updated: 16 Nov 2024

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Software Developer salary at Magnasoft Consulting India ranges between ₹4 Lakhs to ₹4.9 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Magnasoft Consulting India.

Experience wise Magnasoft Consulting India Software Developer salaries

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4 L/yr - ₹7.3 L/yr
1 year (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.9 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹4.9 L/yr

View all

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Salary related reviews for Magnasoft Consulting India

3.0

Rated by 1 employees for salary & benefits

Design Engineer in Bangalore / Bengaluru

Full Time

Engineering - Hardware & Networks Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

...le who don't know anything about work. Language based discrimination he will do. Those who having knowledge will get less pay, those who knows how to take bucket they will get more salary. Lots of favorisom. Still management will believe that person only

Salary - Bad

+6 more

Cadd Designer in Hyderabad / Secunderabad

Full Time

Engineering - Hardware & Networks Department

2.0

• posted on 08 Aug 2023

2.0

for Salary and Benefits

Likes

Salary intime credited,you can do learn new softwares

Skill development - Excellent

Dislikes

...y,full night work, Worst behaviour of colleagues, Zero percentage job security, Salary growth is low,

Salary - Poor

+4 more

Chief Delivery Officer in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Regular Salary payments & appraisals

Dislikes

Lack of trust on employees, lack of focus on organisational goals or strategy. Ever-changing directions and unpractical targets Lack of customer orientation and only focus on profits

Skill development - Poor

+4 more

Freelance Content Writer (working remotely)

Freelancer

Content, Editorial & Journalism Department

1.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Active response during pre joining period

Dislikes

They didn't pay for the work done, as told by them that " we don't let freelancers works without any payment even if they ask them to write something during their interview". During the contract period they will hang you that your work has flaws and need to be corrected after the review. However, they don't send any reviews or any such things instead they will not give you any payment in the end telling you that they didn't use your work. Overall, I won't recommend it to any freelancers depending on my experience. Others can try if it fits to them for sure.

Salary - Bad

+6 more

Senior Design Engineer in Bangalore / Bengaluru

Research & Development Department

3.0

• posted on 28 Mar 2021

3.0

for Salary and Benefits

Likes

Work culture and environment. Freshers have a good opportunity to learn the work.

Skill development - Good

Dislikes

Salary is decent and there is 2 years bond. No career growth and Rotational week off and working on weekends at month end.

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Magnasoft Consulting India Software Developer Salary FAQs

What is the salary of Software Developer at Magnasoft Consulting India ?

The average salary of a Software Developer at Magnasoft Consulting India in India typically ranges from ₹4.0 Lakhs to ₹4.9 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Software Developer at Magnasoft Consulting India earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹4.9 Lakhs per year. Software Developer Salaries at Magnasoft Consulting India 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 Magnasoft Consulting India employees in India.

What is the estimated take home salary of a Software Developer at Magnasoft Consulting India in India?

The estimated take-home salary of a Software Developer at Magnasoft Consulting India in India typically ranges from ₹33,429 to ₹34,692 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹4.9 Lakhs per year for employees with experience ranging from Fresher to 5 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 Magnasoft Consulting India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnasoft Consulting India for Software Developer in India?

Test Yantra Software Solutions	₹9.7 Lakhs to ₹35.0 Lakhs per year
Koch Business Solutions	₹6.5 Lakhs to ₹26.0 Lakhs per year
Softenger	₹6.5 Lakhs to ₹21.0 Lakhs per year
Innominds Software	₹4.1 Lakhs to ₹16.6 Lakhs per year
Binary Semantics	₹3.8 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Software Developer in companies similar to Magnasoft Consulting India in India?

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

Comviva Technology	₹4.8 Lakhs to ₹12.0 Lakhs per year
NeoSOFT	₹3.6 Lakhs to ₹14.0 Lakhs per year
Mastek	₹3.0 Lakhs to ₹10.9 Lakhs per year
Newgen Software Technologies	₹3.0 Lakhs to ₹11.3 Lakhs per year
Sonata Software	₹3.0 Lakhs to ₹12.0 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 Magnasoft Consulting India in India?

The salary growth for a Software Developer at Magnasoft Consulting India depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Magnasoft Consulting India:

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹7.3 Lakhs per year
1 year	₹3.8 Lakhs to ₹4.9 Lakhs per year
2 years	₹1.8 Lakhs to ₹4.5 Lakhs per year
3 years	₹4.1 Lakhs to ₹5.3 Lakhs per year

and so on.

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Magnasoft Consulting India Software Developer Salaries

Magnasoft Consulting India Software Developer salary in India ranges between ₹4 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnasoft Consulting India latest salaries received from various employees of Magnasoft Consulting India.