Hi,
candidate with a Masters degree in Chemistry can get jobs with government chemical industries, pharmaceutical industries, factories etc.
It is also possible for them to join petroleum companies such as the Bharath Petroleum, Indian Oil corporation etc.
It is also easy for candidates to get jobs as Lecturers or Assistant professors with top Universities or colleges if they have qualify in the NET exam.
Central government jobs include:The ISRO, DRDO, Bhabha Atomic research Centre, Advanced Centre for Treatment, Research and Education in Cancer etc take in students from MSC Chemistry very frequently. On top of this, the UPSC, CSIR  UGC, SSC etc carry out entrance exams for the recruitment of qualified candidates into the various departments of the government. In addition to this candidates with MSC Chemistry can also appear in the Civil Service exams.
The pay scale I believe will largely depend on which organisation you are hired in. However, the scope is very large for this field and if you are really interested, you will have no trouble finding an organisation

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