Magnit Hyderabad / Secunderabad Salaries by 3 Employees (Updated 2025)

Designation	Avg Annual Salary	Open Jobs
Analyst 1 year exp. · Hyderabad / Secunderabad (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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Junior Assistant 3 years exp. · Hyderabad / Secunderabad (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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Starting your career? Discover Magnit fresher salaries in India
Mobile Product Manager 3 years exp. · Hyderabad / Secunderabad (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Salary related reviews for Magnit

3.6

Rated by 2 employees for salary & benefits

Client Services Consultant in Bangalore / Bengaluru

Full Time

Human Resources Department

2.0

• posted on 15 Feb 2023

3.0

for Salary and Benefits

Likes

Magnit Pays well when you join. However do not expect good hike later.

Dislikes

Worst Vendor Management System(WAND) in the industry. Plenty of bugs and unnecessary complexity. Despite the designations, there are few employees in India who influence decision making significantly. Tenure at Magnit will be pleasant only if you succeed in getting in to their good books (Even if you report to someone outside India). Most of the decisions are biased and not transparent. There is no dedicated in house HR team for India.

Skill development - Bad

+5 more

Accounting Support II in Chennai

Contractual

Other Department

5.0

• posted on 17 Oct 2024

4.0

for Salary and Benefits

Likes

It's good company to work. We can work and collaborate with team for any issues and company also will take care of all employees. Taking care of employees travelling for secure journey and we'll protection to female employee with guard during the travelling. Compare to other companies it's 200% good for learning and team collaborations, entertainment and all areas.

Salary - Good

+5 more

Dislikes

Only issue is they appointed as externals for 6 months. I suggested to secure the job because all are doing work for generating money but after this 6 months no surety for job. Then we need to search job and its difficult now a days. So pls appoint the external employees as permanent position because their thoughts is always 6 month.

Job security - Poor

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Know more about Magnit Hyderabad / Secunderabad

Magnit Salary FAQs

What is the minimum salary in Magnit?

Minimum salary at Magnit depends on the role you are applying for. For Employment Verification Specialist the minimum salary is ₹2.7 Lakhs to ₹3.5 Lakhs per year, and for Senior UI UX and Web Designer the minimum salary is ₹3.6 Lakhs to ₹4.6 Lakhs per year and so on.

What is the notice period at Magnit in Hyderabad / Secunderabad?

According to AmbitionBox, 100% of the Magnit employees in Hyderabad / Secunderabad reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Average annual salary in Magnit , Hyderabad / Secunderabad is INR . Salary estimates are based on 3 Magnit latest salaries received from various employees of Magnit.