[jacquesm]

$800 / month is a bit on the low side I'd think. Ask for a raise and save the remainder?

Try to find an employer that is more respectful of your time, and take out a bank loan (interest rates are really low right now) or come to some kind of pay-in-installments agreement with your current employer.

Finally, there is always the option of declaring personal bankruptcy but I'd only use that if you feel that your employer has acted dishonestly, I see no evidence of that.

[royunprofiled]

I intend to continue with my education and as such, banks are not willing to finance my bond which would effectively leave me with no further source of income. My pay scale is non-negotiable and my first review for appraisal would be at the end of 2017. I tried finding alternate job opportunities but my particular set of skills does not have a requirement in the current Indian industry as of now, but I am still looking.

[GFischer]

Do you have "free" time after work?

If you have a decent programming foundation, I'd look into Android programming or other reasonably-paying skillset that you could use after hours.

One of my classmates started doing Android apps, the first year she ended up earning close to U$ 600/month extra, but now she makes U$ 2000/month extra, for 20 hours of work each week or so. (I'm in Uruguay, U$ 2000 monthly is more than a junior dev's salary).

I took the Coursera classes, and I'm going to release my first app sometime next month :)

https://www.coursera.org/course/androidpart1

There used to be plenty of "income reports" here on Hacker News from people that launch their own apps, it's certainly not overnight success, but the timeframe is significantly lower than 45 months :) . Plus, if you get good at it, you can do freelancing.

[royunprofiled]

Yes, that is an option I am considering. Thank you for the suggestion.