Hi Chandan,
Master's degree in art education can significantly boost up your salary packages. Criteria for salary depends upon the institution from which you took education. Also your skills and activities like internships.

On an Average, the salary ranges you can expect if you get a masters degree in art education is about INR40,000- INR90,000 manually. Typical art educators at elementary and secondary school earn modest salaries, while teachers in leadership positions, becoming a department head or principal likely to earn more. INR 40,000 is also likely what you can expect when you start working in this field after more experience you will earn more.

You will earn if you're a teacher at a private school, or having additional responsiblities like organising activities, incharge.