CA Salary in India Overview
The Chartered accountant Salary in India ranges between 6-7 lakhs. Outside of India, packages might cost up to 75 lakhs. The average income of CAs in India is 7.36 lakhs, according to data from the most recent campus placement conducted by the ICAI.
CA Salary in India
The skills and expertise a CA has determines their compensation as new graduates in India. Freshers will be reimbursed appropriately if they pass the exam based on the following standards-
|
Passed in Several Tries |
Passed in Single Attempt |
CA Final Toppers |
|
INR 6-9 lakh |
INR 11-15 lakh |
INR 16-25 lakh |
CAs make an average of Rs 55,000 per month. (between a minimum of Rs.10,000 and Rs. 1,50,00). The average compensation for work overseas is sometimes over 75 lakh per year.
1. CA Salary in India based on Skills
Budget management, strategic accounting, management auditing, financial analysis and controlling, and financial reporting are highly paid skills in the industry.
The below table outlines skill-based Chartered Accountant Salary until 2022-
|
Skills in Chartered Accountant |
Average Salary of CA Per Annum |
|
Budget Management |
9.5-11 lakhs |
|
Strategic Accounts |
8.9-9 lakhs |
|
Management Auditing and Evaluation |
8.5-9 lakhs |
|
Financial Analysis |
8.5-8.8 lakhs |
|
Financial Advisor |
8.5-8.75 lakhs |
|
Accounting and Control Software for SAP |
8.10-8.25 lakhs |
|
Financial Reporting |
8-8.2 lakhs |
|
Auditing |
7-7.5 lakhs |
|
Account Management |
7-7.25 lakhs |
|
Internal Audit |
7.25-7.35 lakhs |
|
Accounting |
7.25-7.35 lakhs |
|
Tax Consulting |
7.10-7.25 lakhs |
|
Tax Compliance |
7-7.1 lakhs |
2. Chartered Accountant (CA) Salary in India based on Experience
Experience is a factor in addition to competence when determining the value to the firm. The practical experience is very important in calculating the maximum wage each month, but one's enthusiasm for continuing their education also adds value to their experience. The average annual starting pay for a CA with less than 10 years of experience is INR 7 lakh, whereas that of a CA with more than 10 years of experience is more than INR 20 lakh.
The below table outlines Experience-Based Chartered Accountant Salary until 2022-
|
Year of Experience |
CA Average Salary Per Annum |
|
0-5 |
7 lakhs |
|
5-10 |
12 lakhs |
|
10-15 |
20 lakhs |
|
15-20 |
24 lakhs |
|
20 years and Above |
37 lakhs and above |
3. Chartered Accountant (CA) Salary in India based on different Sector
A CA's profession is not just restricted to commercial businesses; it also extends to the public sector. They may work for a variety of institutions, including banks and ministries. Let's look at the tables for the public and private sectors, respectively, below-
a. Public Sector CA Salary in India
|
Job Profile |
CA Average Salary |
|
SAIL |
8-14 lakhs |
|
GAIL |
7-17 lakhs |
|
State Bank of India |
7-18 lakhs |
|
Ministry of Finance |
6-15 lakhs |
b. Private Sector CA Salary in India
|
Job Profile |
CA Average Salary |
|
Reliance Industries |
6.80-9 lakhs |
|
KPMG |
4-7 lakhs |
|
ICICI Bank |
6-8 lakhs |
4. CA Salary in India: Based on Profile
The search for a CA includes several additional skill sets that a CA must possess in addition to tax and accounting management. The job profile at which a CA is hired affects their remuneration as well. The typical wage for the positions of CFO, Account Executive, Financial Controller, and Accountant is above Rs. 20 lakh per year, whereas the salaries for Account Assistant and Business Analyst are about Rs 10,000 per month.
The below table outlines Profile-Based Chartered Accountant Salary until 2022-
|
Job Profiles in Chartered Accountant |
Average Salary Per Annum |
|
Finance Officer |
35 lakhs |
|
Account Executive |
8.9-9 lakhs |
|
Accountant |
8.5-9 lakhs |
|
Finance Controller |
8.5-8.8 lakhs |
|
Finance Manager |
8.5-8.75 lakhs |
|
Chartered Accountant |
8.10-8.25 lakhs |
|
Financial Analyst |
8-8.2 lakhs |
|
Assistant Account Manager |
7-7.5 lakhs |
|
Senior Account Executive |
7-7.25 lakhs |
|
Senior Accountant |
7.25-7.35 lakhs |
|
Business Analyst |
7.25-7.35 lakhs |
|
Account Assistant |
7.10-7.25 lakhs |
5. CA Salary in India: Based on Location
The cost of living varies depending on where you live, thus every firm bases its compensation on the local demand and cost of living. Big cities have been found to provide better pay scales to cover the expense of living and keep the professionals needed to fulfil the rise in demand. While Jaipur and Ahmedabad are among the worst-paid cities with an average income of around 5 phases effect, Gurugram and Chennai give the greatest compensation to CAs with keeping the average wage over 8 lakhs.
The below table outlines Location-Based Chartered Accountant Salary until 2022-
|
City |
Average Salary Per Annum |
|
Gurgaon |
9.5 lakh |
|
Chennai |
8.50 lakh |
|
Mumbai |
11 lakh |
|
Delhi |
7 lakh |
|
Guwahati |
6.20 lakh |
|
Pune |
6 lakh |
|
Bangalore |
9 lakh |
Also read more about Chartered Accountancy.
Charted Accountant Salary in India: Monthly Earnings
The typical yearly compensation for a CA in India is between INR 8 and 9 lakhs and may go up to INR 50 to 60 lakhs. So, a CA may receive a salary of INR 60,000–70,000 per month. The top employers in India are the Big 4 and MNCs, who also offer the highest CA salaries in terms of monthly compensation. Your annual income might go up to INR 70 to 80 lakhs if you choose to work outside of India. But it takes a lot of effort and dedication to pass the CA examinations and receive big benefits.
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Average CA Salaries in India
The typical pay for a CA as an entry-level professional is between INR 4.5 L and 6 LPA. Some of the leading firms, including IBM, Ranbaxy, Sony, TCS, and Infosys, provide beginning packages between INR 20 L and 30 LPA. An experienced individual in this sector at any senior level earns INR 78 lakh - 2 Crore per year in salary.
Click here to read more about the difference between CA, FCA and CFA.
Highest Paying Companies in India for CA
ICICI BANK and PWC are the companies that pay CA professionals the most. The professional and competitive work atmosphere of firms that specialise in financial consulting, such PWC, Ernst & Young, Deloitte, and KPMG, draws many applications from CAs. Working with such companies offers the chance to investigate several more CA profile dimensions. Additionally, they provide the highest salaries in the sector.
The below table outlines the highest paying companies in India-
|
Employer |
Average Salary Per Annum (INR) |
|
Hindustan Unilever Ltd |
Rs.10-36 Lakhs |
|
Deloitte |
Rs.14-35 Lakhs |
|
ITC |
Rs.10-25 Lakhs |
|
Aditya Birla Sun Life |
Rs.13-28 Lakhs |
|
Tata Company |
Rs.10-22 Lakhs |
|
Bharti Airtel |
Rs.12-22 Lakhs |
|
SBI Bank |
Rs. 6-17 Lakhs |
Common Sources for Chartered Accountants in India
The CA profession is qualified for benefits beyond salary, including another source of income. They also receive money via commissions, fees, and bonuses. The following are the three common sources of compensation for CA in India-
- Fees:- After providing his consulting services for managing a client's or a company's account, a cpa is entitled to compensation in the form of fees. The primary source of revenue for a CA who works alone is fees.
- Commission:- A consultant is compensated as a percentage of the solution he recommends when he assists a client in resolving financial issues such loan denials, merger book preparation, and investor attraction. Individuals and businesses involved in managing the finances of other enterprises might generate this type of revenue.
- Bonus:- When a CA expert does especially well in their line of work, they are rewarded with a bonus.
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The following table shows the details of CA salary from other sources percentage-wise-
|
For Personal Use Only |
Revenue Source for Particular Practise |
CA's source of income |
|
Fees |
18% |
- |
|
Commission |
15% |
5% |
|
Bonus & Incentives |
5% |
10% |
CA Salary in India vs Different Countries
Although CA income may vary from country to country, it is influenced by the quality of living and the worth of each nation's human resources. These are the major nations chartered accountant wage differences, as determined by the ICAI research-
|
Country |
Starting Salary (INR) |
Highest Salary (INR) |
|
India |
4.37 lakh |
20 lakh |
|
UK |
23 lakh |
61 lakh |
|
Australia |
30 lakh |
6.44 crore |
|
USA |
21 lakh |
2.01 crore |
|
Dubai |
54 lakh |
1.26 crore |
Chartered Accountant Salary in Big Firms
The following gives the details about the CA salary in big companies-
- BIG 4 (EY, Deloitte, PWC, and KPMG):- It is one of the top companies in India that consistently recruits the most CA freshers. Working with these businesses will provide with invaluable experience, exorbitant salaries and other costs. Freshers are typically compensated between 12 and 25 lakhs per year when they work with one of the BIG 4 CA firms.
- PSU's:- A few PSUs, including BSNL, ONGC, and HPCL. They provide a wage plan that is competitive with CA businesses. They often sell for between 6 and 15 lacs. The selection following shortlisting will always be determined on how well you performed in the interview.
- Information Technology Provider:- Organizations like Infosys, Wipro, and Microsoft recruit a lot of CA applicants. The normal salary range for CA IT companies is between 7 and 10 lac rupees annually.
- Banks:- Several candidates for CA are related to Banks. Salary ranges of 5 to 10 lacs are commonly offered by banks like ICICI, HDFC, and others.
- Indian CA Firms:- To manage office duties, many Indian accounting businesses use CA candidates. They also benefit from hiring Chartered Accountants when the number of audits rises by increasing the number of CAs. Indian accounting giants Haribhakti & Co., Singhi & CoChaturvedi & Shah, among others, are among the best.