Hi Paul,
that's up to you.. If you are Ok with that salary then you can continue, if you think that your experience and your work and your stamina is not worth to that then refuse it.
In my 1st company I'm too working with small package as a contract based, but at the same time permanent people got double of my CTC, I got too frustrated I explain the same-thing to my manager he is also understood the pain what I'm facing but he is not having rights to give permanent position but he promised me he try to give confirmation in a year, I'm not ready to wait until that time. So, I tried in out side everybody suggested me to go with 50% hike(max). my salary is 12,000 if it is 50% hike then my salary becomes 18,000/- PM but same years of experience people in out side they drawn double of mine then why should I compromise and continue with small package? If I go and join then I again had same frustrated because still in my new company they may give best package to my new colleagues, may be because of that reason again I'm unable to concentrate my work properly. Finally everybody working for money only, then why should I compromise myself. So, I decided in my mind my salary should be 200% (min 150%) hike then only I quite the job other wise won't...
Once in my mind I fixed like this after that I got job with 23,000/- and 25,000/- but I refused those offers, after that I got the offer in HCL with 35,000/- PM.
My motto is only one-thing if we are worth-able then definitely company give best offer until we have less than 7years of experience, after 7 years of experience I can't shift the company like this, I can't expect 300% hike for sure, this is possible in initial stage only.
My suggestion is try to adopt more concepts asap and as suggested by Manigandan try to attend interviews for experience, then you come to know what is what? once you understood the background you can easily get a new job there is no doubt.
FYI Market stands for .net people in outside
1-2 years : 4 LPA
2-3 years : 5 LPA
3-5 years : 5-7 LPA
Hope this helps you....
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Give respect to your work, Instead of trying to impress your boss.
N@veen
Blog : http://naveens-dotnet.blogspot.in/