PhonePe Salaries in India
85 salary records · Solid sample · Software Engineer is the most reported role
Updated · 6 new in the last 30 days
Pay Score
How pay here compares with similar jobs elsewhere — not a rating of the employer.
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Get Rich 9/10
Pay vs the same role and experience at other companies · 45% of the score
+35% vs the same role and experience at other companies (84 records matched).
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Career Climb 8/10
Does pay rise with experience faster than the market? · 20% of the score
Seniors (9+ yrs) here are 21 points further ahead of the market than juniors (juniors +32%, seniors +53% vs the market). At a typical company: 7 points further behind the market than juniors.
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Fair Pay 8/10
How evenly people at the same level are paid · 15% of the score
People at the same level here typically sit ±18% from their level's middle (a typical company: ±20%).
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In-Hand Power 2/10
How much of CTC is fixed monthly pay rather than bonus or stock · 10% of the score
85% of CTC is fixed monthly pay (market 91%).
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On the Rise 8/10
Are recently added salaries higher than earlier ones, relative to the market? · 10% of the score
Salaries added in the last 3 months are 15% lower than earlier ones, relative to how the market moved.
Every part compares each salary with the median for the same role and experience band at other companies — the "market index" HR teams use — so a company isn't rewarded just for having senior people on the books. Parts backed by few records are pulled toward the market average, then ranked against every company with enough data: 10 means near the top. The Pay Score is the weighted average of the parts that have enough data, and needs Get Rich plus at least two others.
PhonePe salaries in India range from ₹32L (P25) to ₹64L (P75), with a median CTC of ₹47L. At the median that's about ₹2.47L/month take-home under the new tax regime (FY 2026-27). The most reported roles are Software Engineer. All submissions are anonymous.
What this means for you
Compensation distribution
Shape of 85 records between the 1st and 99th percentile; the few beyond sit in the end bins.
Salary by experience
Median CTC is 220% higher at 9-15 yrs than at 0-3 yrs. These are different people at each stage, not one person's pay growth.
Who pays more for a Software Engineer with 4-8 yrs experience
Median CTC for the most-reported profile at PhonePe, company by company. PhonePe ranks #25 of 101 companies with enough data — 24 pay more.
- #1 Roku ₹1.00 Cr +85% 5
- #2 Uber ₹83.50L +55% 34
- #3 Blinkit ₹82L +52% 5
- #4 DocuSign ₹79L +46% 16
- #5 LinkedIn ₹78L +44% 18
- #6 Okta ₹76L +41% 5
- #7 Atlassian ₹75.67L +40% 24
- #25 PhonePe ₹54L — 43
Each company needs at least 5 records in this role and experience band to appear. The last column is records per company.
Salaries by role
| Role | Median | P25–P75 | vs similar | Records |
|---|---|---|---|---|
| Software Engineer | ₹46.50L | ₹32L–₹62.50L | +20% | 80 |
5 more records in roles with fewer than 3 submissions.
Salary by location
5 more records from other cities or with no city given.
₹47L CTC at PhonePe — what's your actual take-home?
₹2.47L/month take-home at the median · new tax regime (FY 2026-27)
Where ₹100 of PhonePe CTC goes
- Monthly take-home ₹64
- Income tax on salary ₹16
- PF & professional tax ₹5
- Bonus, before tax ₹3
- Stock ₹12
Average over 85 records that list their components. Across all companies in our data, ₹72 of every ₹100 arrives as monthly take-home. Bonus and stock don't come with the monthly salary, and are taxed when paid.
| Band | CTC | Fixed pay | Monthly take-home New regime |
|
|---|---|---|---|---|
| P25 | ₹32L | ₹28L | ₹1.85L | Calculate → |
| Median | ₹47L | ₹40L | ₹2.47L | Calculate → |
| P75 | ₹64L | ₹52L | ₹3.03L | Calculate → |
Each band is that percentile of CTC and of fixed pay (CTC minus stock and bonus). Take-home is worked out from the fixed pay: new tax regime (FY 2026-27), basic at 50% of fixed pay, metro HRA, employee PF at 12% of basic, professional tax. The old regime only comes out ahead with large deductions — check yours in the calculator.
Calculate your own package →What to negotiate
Between people at the same level, stock varies the most (±14%). That's where offers here differ — and where there's most room to push.
Half the P25–P75 gap of each component, relative to its median, among people at the same reported level (5 levels or role-and-experience groups).
PhonePe salary by level
Levels as people reported them — they aren't comparable across companies.
Frequently asked questions
What is the average salary at PhonePe in India?
Based on anonymous submissions, the median CTC at PhonePe is ₹47L. That's about ₹2.47L/month take-home under the new tax regime (FY 2026-27). The 25th percentile is ₹32L and the 75th percentile is ₹64L.
Is this salary data verified?
The data is anonymously self-reported on in-hand.in. We validate that CTC values are non-zero and consistent (RSU + Bonus cannot exceed CTC). Individual entries may differ from market rates — use percentiles for a reliable picture.
How is monthly in-hand salary calculated?
Monthly take-home is worked out from fixed pay — CTC minus stock and bonus, which don't arrive with the monthly salary — under the new tax regime (FY 2026-27), with basic at 50% of fixed pay, metro HRA, employee PF at 12% of basic and professional tax. Use “Calculate” on any band to open the full breakdown in the In-Hand calculator.
How do I add my salary to this benchmark?
Use “See where you rank” (or “Add a new salary”) on this page. You'll fill in your role, company, city, years of experience, and CTC. No name, email, or sign-in is required.
What is the salary structure at PhonePe India?
Across 85 submissions that list their components, a typical PhonePe package is 85% fixed pay, 3% bonus and 12% stock. The median CTC is ₹47L (P25 ₹32L, P75 ₹64L).
How much of a PhonePe CTC is in-hand salary?
Of every ₹100 of CTC reported at PhonePe, about ₹64 arrives as monthly take-home pay. Around ₹16 goes to income tax on salary, ₹5 to PF and professional tax, and ₹15 is bonus and stock, paid separately (new tax regime, FY 2026-27). Across all companies in our data the figure is ₹72.