Depending upon a photographer's standing and caliber, the remuneration differs. 

Freelance industrial photographers could get between Rs 5,000/- and Rs 10,000/- for a day's work. Reputed professionals could get even as much as Rs 15,000/- for a day's work. 

Freelance fashion photographers get anything between Rs 8,000/- to Rs 12,000/- per day. 

The major drawbacks in this profession are the high cost of equipment and relative paucity of this equipment in India.