Magtorq Lead Finance Accounts Salaries by 4 Employees

12 - 15 years exp.

₹4 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% less than the average Lead Finance Accounts Salary for 12 - 15 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Magtorq for Lead Finance Accounts

Company name	Avg Annual Salary	Open Jobs
IBM Lead Finance Accounts Salary 3 - 11 years exp. (58 salaries)	₹4.1 L/yr - ₹7.5 L/yr 33% more
Vanderlande Industries Lead Finance Accounts Salary 5 - 13 years exp. (10 salaries)	₹7.2 L/yr - ₹9 L/yr 104% more
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Microland Lead Finance Accounts Salary 10 - 13 years exp. (7 salaries)	₹8.2 L/yr - ₹9.7 L/yr 118% more
Innova Solutions Lead Finance Accounts Salary 8 - 12 years exp. (5 salaries)	₹6 L/yr - ₹12 L/yr 132% more
Concentrix Corporation Lead Finance Accounts Salary 4 - 7 years exp. (5 salaries)	₹3.7 L/yr - ₹5.2 L/yr 5% more

Lead Finance Accounts salary at Magtorq ranges between ₹4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 12 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Magtorq.

Experience wise Magtorq Lead Finance Accounts salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
13 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr
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14 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
15+ years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr

Similar Designation salaries in Magtorq

Executive Accountant Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Salary related reviews for Magtorq

Design Engineer in Hosur

Full Time

Research & Development Department

4.0

• posted on 08 Apr 2022

4.0

for Salary and Benefits

Likes

MES is a office like a institute. Here I learnt many essential qualities of an engineer. This is a place which guides you the right direction.

Salary - Good

+3 more

Dislikes

Can't be satisfied with salary. May not be a perfect place for long term goals.

Junior Design Engineer in Hosur

Research & Development Department

4.0

• posted on 01 Sep 2017

2.0

for Salary and Benefits

Likes

I'm very proud to say we are working under l&t defense projects .then we are following all standards while creating new drawings .we are share all knowledge to others .easily communicate with l&t people and clarify our doubts .

Skill development - Good

+1 more

Dislikes

First of all salary too low comparing others companies.then no bonus & little bit incremental.no other facilities inside the company.some times we got same projects and get boring to work .

Salary - Poor

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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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Magtorq Lead Finance Accounts Salary FAQs

What is the salary of Lead Finance Accounts at Magtorq ?

The average salary of a Lead Finance Accounts at Magtorq in India typically ranges from ₹4.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 12 years to 15 years).

The top 10% of Lead Finance Accounts at Magtorq earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Lead Finance Accounts Salaries at Magtorq 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 Magtorq employees in India.

What is the estimated take home salary of a Lead Finance Accounts at Magtorq in India?

The estimated take-home salary of a Lead Finance Accounts at Magtorq in India typically ranges from ₹30,736 to ₹32,039 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 12 years to 15 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 Magtorq. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magtorq for Lead Finance Accounts in India?

Innova Solutions	₹6.0 Lakhs to ₹12.0 Lakhs per year
Microland	₹8.2 Lakhs to ₹9.7 Lakhs per year
Vanderlande Industries	₹7.2 Lakhs to ₹9.0 Lakhs per year
IBM	₹4.1 Lakhs to ₹7.5 Lakhs per year
Concentrix Corporation	₹3.7 Lakhs to ₹5.2 Lakhs per year

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

How the salary growth look like for a Lead Finance Accounts at Magtorq in India?

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

Experience	Average Salary Range
12 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
13 years	₹3.6 Lakhs to ₹4.7 Lakhs per year
14 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
15 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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Magtorq Lead Finance Accounts Salaries

Magtorq Lead Finance Accounts salary in India ranges between ₹4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magtorq latest salaries received from various employees of Magtorq.