Salary Negotiation

Thanks for A2A. 

Salary negotiations are THE most important part of interview process and your career.  Break up your salary negotiations in 5 - 6 sections and then rework what is best for you. Before making final negotiations, have a market research done on the available salary slab for the profile keeping in consideration the company size, job responsibilities and your set of skills and experience. The range of 5-8 LPA is already there in front of you. Do not squeeze yourself to the ceiling limit. If you think you are worth more than that, ask for it. To make salary negotiations simpler I would suggest to follow these simple steps.

Identify what’s important for you—for example, size of company, reputation, challenge, work-life balance, job profile, and your future manager.
Talk and discuss with as many people as you can who can provide relevant information about your areas of interest concerning the company and the job. 
Compare the offer with your priorities by writing down your thoughts.
Remember that it’s not the money that you make but the money you keep. Review in details the package of company-paid benefits. You  can think of unlimited different items in such a package—from medical coverage , leave encashment, PF , Bonus, House Rent, Company paid travel, to tuition reimbursement etc. 
Negotiate your best deal. Most companies expect you to do that. Show an unusual level of excitement about the opportunity, but register disappointment with the compensation. 
Look for long term benefits, like promotion, appraisals, higher education within the company, etc.

Be flexible while negotiating and open to questions. There is no defined law or procedure to raise the salary by 20 - 35 % of your current salary. If you think you are less paid in current profile, this is the time to correct the mistake.

Prove your worth and grab the opportunity !

All The Best !