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MA (1,2,3) - Anywhere between 45 - 60/65 lakhs (including bonuses)
Mumbai is solid for Banking and Capital Markets and is known for its jolly and inclusive environment. On the other hand, Delhi is solid for M&A, Antitrust and Projects; and pays 15% more than mumbai with a terrible culture.
Delhi office is prettier but Mumbai has better coffee:)))
A1 - 16L fixed, 4 - 6L variable
A2 - 19L fixed, 6 - 8L variable
A3 - 22L fixed, 8 - 10L variable
SA1 - 25L fixed, 10 - 12L variable
SA2 - 28L fixed, 12 - 14L variable
SA3 - 32L fixed, 14 - 16L variable
SA4 - 35L fixed, 16 - 18L variable
MA1 - 44L fixed, 20 - 25L variable
MA2 - 52L fixed, 20 - 25L variable
MA3 - 60L fixed, 20 - 25L variable
These are Mumbai figures but Delhi bills higher at TT&A since GS is seated with all the rainmakers at that side of the turf. Think they keep you hanging at MA since its a glorified Counsel/Junior Partner role; the firm expects you to run the deal being an MA i.e. open any deal on LinkedIn and you will see that the involvement of an MA is more than that of the Associate. That being said, TT&A's culture is something to look forward to with very complex deals, Ex Foreign BigLaw partners and one of the most polished talent pools that there can exist in the Indian market.