What is pay package of Assistant Professor in private engineering colleges ?

Government has notified on Dec' 31, 2008 the revised pay scales for teachers on in Universityies and colleges. Highlights are shown below. - Only three designations in respect of teachers namely, Assistant Professors, Associate Professors and Professors. - Designations of Library and Physical Education Personnel at various levels. - Ph.D. is must for promotion & designation of professor. This shall, however, not affect those who are already designated as 'Professor'. - The pay of teachers shall be fixed in two pay bands of Rs. 15600-39100 and Rs. 37400-67000 with appropriate "Academic Grade Pay" (AGP). - The number of posts of Professors in a UG College shall be equivalent to 10 percent of the number of posts-of Associate Professors in that College. - There shall be as many posts of Professors in each PG College as the number of Departments in that College. - approval of the UGC is must for creating new departments - Up to 10% of the posts of Professors in universities shall be in the higher Academic Grade Pay of Rs. 12000 with eligibility conditions to be prescribed by the UGC. - NET shall be compulsory for appointment at the entry level of Assistant Professor subject to the exemptions to the degree of Ph.D. - NET shall not be required for such Masters' programs in disciplines for which there is no NET.

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 Rs. 37400-67000 (Pay Band - 4) with academic grade pay of Rs. 10000 (minimum starting salary at Rs. 43000). Associate Professor: Rs. 37400-67000 (Pay Band - 4) with academic grade pay of Rs. 9000.
Its Depends on numerous factors. Educational qualifications, experience, location and a fair amount of luck as well(yeah you read that right, luck!). First off, it depends on the location. If you are in metro cities or talking of the super famous pvt universities(Eg: Lovely, Sharda, Jaypee,Galgotia Univ or BML Munjal), then with the right qualifications and exp the sky is the limit. But the right qualifications and exp mean Ph.D/PostDoc from a very good institution(tier-1 colleges: IITs, IISCs, NITs, or the likes or abroad) and some experience(atleast 2-3 years). I myself know of someone who had a PostDoc from abroad and had a package of 30lpa at one of these universities, with just about 2 years of experience. In any case, if you are a fresh Ph.D from a good institution as those mentioned above you can expect a package of about 9lpa or upwards(depending on your luck totally). Past Experience will make the figure go higher and higher. Without a Ph.D degree, again if you are M.Tech from a good college, you can expect  a salary of about 40k per month at these