Magneq Services Software Developer Salaries by 4 Employees

1 - 3 years exp.

₹3 Lakhs - ₹5 Lakhs

Salary of majority employees

56% less than the average Software Developer Salary for 1 - 3 years of experience

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Salaries in different departments

Data Science & Analytics Software Developer Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹5 L/yr
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Engineering - Software & QA Software Developer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 4 Sep 2024

Companies similar to Magneq Services for Software Developer

Company name	Avg Annual Salary	Open Jobs
TCS Software Developer Salary 0 - 8 years exp. (19.3k salaries)	₹3.4 L/yr - ₹14.9 L/yr 140% more
Accenture Software Developer Salary 0 - 9 years exp. (6.2k salaries)	₹4.1 L/yr - ₹18.4 L/yr 200% more	1 job opening
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Cognizant Software Developer Salary 0 - 9 years exp. (6.1k salaries)	₹2.3 L/yr - ₹20.4 L/yr 205% more
Infosys Software Developer Salary 0 - 7 years exp. (5.9k salaries)	₹3.6 L/yr - ₹12.8 L/yr 131% more	1 job opening
Wipro Software Developer Salary 0 - 8 years exp. (5.8k salaries)	₹2.3 L/yr - ₹18.3 L/yr 165% more	1 job opening
Capgemini Software Developer Salary 0 - 8 years exp. (4.9k salaries)	₹3.5 L/yr - ₹14.2 L/yr 145% more
IBM Software Developer Salary 0 - 11 years exp. (4.6k salaries)	₹10.1 L/yr - ₹30.6 L/yr 426% more	14 job openings
Tech Mahindra Software Developer Salary 0 - 7 years exp. (4.3k salaries)	₹2.3 L/yr - ₹12.7 L/yr 98% more	1 job opening
HCLTech Software Developer Salary 0 - 8 years exp. (3.5k salaries)	₹3.5 L/yr - ₹14.9 L/yr 144% more
LTIMindtree Software Developer Salary 0 - 7 years exp. (3k salaries)	₹3.3 L/yr - ₹15.7 L/yr 133% more
Amazon Software Developer Salary 0 - 7 years exp. (1.7k salaries)	₹24.9 L/yr - ₹55 L/yr 796% more	9 job openings
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Mphasis Software Developer Salary 0 - 6 years exp. (1.3k salaries)	₹2.8 L/yr - ₹11.5 L/yr 83% more	1 job opening
DXC Technology Software Developer Salary 1 - 6 years exp. (1.1k salaries)	₹2.5 L/yr - ₹13 L/yr 114% more	1 job opening
Deloitte Software Developer Salary 0 - 6 years exp. (1.1k salaries)	₹4.6 L/yr - ₹18.8 L/yr 214% more
JPMorgan Chase & Co. Software Developer Salary 0 - 11 years exp. (722 salaries)	₹10 L/yr - ₹36 L/yr 604% more
Genpact Software Developer Salary 1 - 5 years exp. (608 salaries)	₹4.1 L/yr - ₹18 L/yr 189% more
Jio Software Developer Salary 0 - 5 years exp. (614 salaries)	₹4 L/yr - ₹15.4 L/yr 175% more
Ernst & Young Software Developer Salary 1 - 6 years exp. (317 salaries)	₹4 L/yr - ₹16.5 L/yr 179% more
PwC Software Developer Salary 0 - 6 years exp. (302 salaries)	₹4 L/yr - ₹16 L/yr 185% more
Larsen & Toubro Limited Software Developer Salary 0 - 6 years exp. (282 salaries)	₹2.2 L/yr - ₹9.7 L/yr 105% more

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Software Developer salary at Magneq Services ranges between ₹3 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 Magneq Services.

Experience wise Magneq Services Software Developer salaries

Last Updated: 4 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
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3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹5 L/yr

Similar Designation salaries in Magneq Services

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₹3.5 L/yr - ₹4.5 L/yr

Java Developer Salary

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Software Engineer Salary

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₹4.2 L/yr - ₹6 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Magneq Services Software Developer Salary FAQs

What is the salary of Software Developer at Magneq Services ?

The average salary of a Software Developer at Magneq Services in India typically ranges from ₹3.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Developer at Magneq Services earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Software Developer Salaries at Magneq 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 Magneq Services employees in India.

What is the estimated take home salary of a Software Developer at Magneq Services in India?

The estimated take-home salary of a Software Developer at Magneq Services in India typically ranges from ₹25,443 to ₹26,875 per month. This is based on the average salary range of ₹3.0 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 Magneq Services. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Amazon	₹24.9 Lakhs to ₹55.0 Lakhs per year
JPMorgan Chase & Co.	₹10.0 Lakhs to ₹36.0 Lakhs per year
IBM	₹10.1 Lakhs to ₹30.6 Lakhs per year
Kotak Mahindra Bank	₹8.8 Lakhs to ₹31.6 Lakhs per year
Reliance Retail	₹6.8 Lakhs to ₹24.1 Lakhs per year

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

What is the salary of a Software Developer in companies similar to Magneq Services in India?

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

BYJU'S	₹5.5 Lakhs to ₹22.0 Lakhs per year
HDFC Bank	₹10.0 Lakhs to ₹18.2 Lakhs per year
Deloitte	₹4.6 Lakhs to ₹18.8 Lakhs per year
Cognizant	₹2.3 Lakhs to ₹20.4 Lakhs per year
Accenture	₹4.1 Lakhs to ₹18.4 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 Magneq Services in India?

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

Experience	Average Salary Range
1 year	₹3.0 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.4 Lakhs to ₹3.5 Lakhs per year
3 years	₹3.5 Lakhs to ₹5.0 Lakhs per year

and so on.

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Magneq Services Software Developer Salaries

Magneq Services Software Developer salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magneq Services latest salaries received from various employees of Magneq Services.