Tool Tec Engineering Tool Design Engineer Salaries by 4 Employees

4 - 6 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Tool Design Engineer Salary for 4 - 6 years of experience

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Last Updated: 25 Jul 2024

Companies similar to Tool Tec Engineering for Tool Design Engineer

Company name	Avg Annual Salary	Open Jobs
Tech Mahindra Tool Design Engineer Salary 2 - 10 years exp. (4 salaries)	₹4.2 L/yr - ₹13 L/yr 136% more
Larsen & Toubro Limited Tool Design Engineer Salary 0 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3.6 L/yr 16% less
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Tata Advanced Systems Tool Design Engineer Salary 3 - 7 years exp. (29 salaries)	₹3 L/yr - ₹8 L/yr 43% more
Brakes India Tool Design Engineer Salary 0 - 5 years exp. (10 salaries)	₹1.1 L/yr - ₹6.2 L/yr 32% less
Lucas-TVS Tool Design Engineer Salary 2 - 7 years exp. (9 salaries)	₹4 L/yr - ₹6.5 L/yr 54% more

Tool Design Engineer salary at Tool Tec Engineering ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Tool Tec Engineering.

Experience wise Tool Tec Engineering Tool Design Engineer salaries

Last Updated: 25 Jul 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Tool Tec Engineering

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(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 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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Tool Tec Engineering Tool Design Engineer Salary FAQs

What is the salary of Tool Design Engineer at Tool Tec Engineering ?

The average salary of a Tool Design Engineer at Tool Tec Engineering in India typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Tool Design Engineer at Tool Tec Engineering earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Tool Design Engineer Salaries at Tool Tec Engineering 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 Tool Tec Engineering employees in India.

What is the estimated take home salary of a Tool Design Engineer at Tool Tec Engineering in India?

The estimated take-home salary of a Tool Design Engineer at Tool Tec Engineering in India typically ranges from ₹23,739 to ₹25,197 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 4 years to 6 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 Tool Tec Engineering. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Tool Tec Engineering for Tool Design Engineer in India?

Tech Mahindra	₹4.2 Lakhs to ₹13.0 Lakhs per year
Lucas-TVS	₹4.0 Lakhs to ₹6.5 Lakhs per year
Tata Advanced Systems	₹3.0 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Tool Design Engineer in companies similar to Tool Tec Engineering in India?

The salary of a Tool Design Engineer at companies similar to Tool Tec Engineering in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Larsen & Toubro Limited	₹2.4 Lakhs to ₹3.6 Lakhs per year
Brakes India	₹1.1 Lakhs to ₹6.2 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 Tool Design Engineer at Tool Tec Engineering in India?

The salary growth for a Tool Design Engineer at Tool Tec Engineering depends on factors such as experience, performance, and promotions. On average, a Tool Design Engineer can expect the following growth trajectory at Tool Tec Engineering:

Experience	Average Salary Range
4 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
5 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Tool Tec Engineering Tool Design Engineer Salaries

Tool Tec Engineering Tool Design Engineer salary in India ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Tool Tec Engineering latest salaries received from various employees of Tool Tec Engineering.