I have completed SCJP 5, SCWCD 1.4, SCBCD 5, SCEA part 1, SCEA 2(Waiting for result). I have around 8 months of onsite experience.. Currently i am getting 4 lacs per annum
What ???
You gotta be kidding us. I know some of my friends, having not more than 3 years of experience, not possessing any of the certifications you mentioned, getting much more than what you are getting now.
I don't understand why you are still there in that company. Either you don't belong to an MNC(but you said you do) or that MNC is just harassing you.
What position are you holding there? Must be a technical lead or something ?
I'd say, you can easily get something between 8-9 lacs per annum.
Best wishes!!