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Chartered Accountant Salary in India 2024(Starting, Average & Highest)

Chartered Accountant Salary in India 2023

In this article, we will tell you the CA salary in India and how much a CA earns in India .

10-12 lakhs is the average CA salary in India. Packages outside India are much higher upto 75 lakhs. Every year, ICAI conduct campus placement and according to the last year stats average salary of CAs in India is 8.5 lakhs.

With the rapid growth in the financial sector, New bank license issued to NBFC and the legal and organized framework of every sector has created a lot of demand for CA professionals.

With the new revised syllabus and introduction to technical training, the CA course is also inheriting the skills to get acquaintance with the technology that drives any industry, in an organized framework. This has made this profile even more imperative.

Register Now: India Best CA Online Classes

With ICAI signing MoU with Australian universities and on the verge of signing MoU with Dubai and east countries, doors are opened at international platforms too. ICAI has agreed to educate the professionals according to international standards and could witness a lot many CA flying off to those countries in future prospects.

Chartered Accountant Salary in India 2024

Chartered Accountant is one of the highest paying job in India. With an average ca salary ranging between INR 8-15 lakhs for entry-level positions, and experienced professionals commanding significantly higher figures upwards of INR 25 lakhs or more, the earning potential remained promising.

This article helps to get a view about CA salary in India based on the industry and their acquired skills, experience, job profile & location.

The data has been collected by pay scale, which has done research on around 5000 chartered accountants all over India.

Chartered Accountant Salary in India 2023

The average salary working internationally range out more than 75 lakh per annum.

CA Salary in India 2024: On Basis of Skills

CA need a basic three skills to serve their clients. They are gauged and paid according to their analytical, compliance and reporting skills. In industry, skills like budget management, strategic accounting, management auditing, financial analysis and controlling and financial reporting are highly paid skills with average salary more than 8 lakhs per annum and tax compliance and tax consulting are lower paid skills with average salary paid of 7 lakhs p.a.

All those professional who possesses and polishes their skills in different dimension earns more remuneration ranging around 25 lakh per year.

Skills Avg. Salary p.a
Budget management 9.5-11 lakhs
Strategic accounts 8.9- 9 lakhs
Evaluation and management auditing 8.5-9 lakhs
Financial analysis 8.5- 8.8 lakhs
Financial advisor 8.5-8.75 lakhs
SAP financial accounting and controlling 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

CA Salary in India 2024: On Basis of Experience

Along with your skill, experience also matters to calculate your cost to the company. The practical experience has a lot of relevance in determining the ca salary per month, but along with experience your zeal to update and learn, add more worth to your experience.

The starting salary of CA fresher is at an average of 7 lakh per annum whereas CA with experience of more than 10 years is paid more than 20 lakh per annum. With continuous practice and experience, you set a good reputation and goodwill in the industry and can establish a good brand for yourself.

Year of experience CA Salary per annum (Avg)
0-5 7 lakhs
5-10 12 lakhs
10-20 20 lakhs
Above 20 50-70 lakhs

CA Salary in India 2024: On Basis of  Profile

The hunt for CA is not only for someone to take care of tax and accounts, but they demand various other skill sets which a  CA possess. The salary of CA also varies with the job profile at which they are recruited. The profile for CFO, Account Executive, Financial Controller, and Accountant enjoy average salary above 20 lakh per year, whereas Account assistant and Business Analyst are paid approximately Rs 10,000 per month.

Jobs profile CA Salary per annum (Avg)
Finance officer 35 lakh
Account executive 25 lakh
Accountant 25 lakh
Finance controller 24 lakh
Finance manager 13 lakhs
Chartered accountant 12 lakh
Financial analyst 12 lakh
Assistant account manager 10.5 lakh
Senior account executive 6 lakh
Senior Accountant* 5.3 lakh
Business analyst 4 lakh
Account assistant 4.2 lakh

CA Salary in India 2024: On Basis of the City They are Recruited

The location where you reside has its effect on the cost of living, hence every company pay according to the demand and living cost of a particular location. It has been found big cities pay a better scale to meet the cost of living and retain the professional to meet the increase in demand. Gurugram and Chennai pay the highest salary to CA with keeping the average slab above 8 lakhs, where Jaipur and Ahmedabad and are among the lowest-paid cities with avg salary of around 5 phases effect.

City CA Salary per annum (Avg)
Gurgaon 9.5 lakh
Chennai 8.50m
Mumbai 7.5lakh
Delhi 7 lakh
Guwahati 7 lakh
Punjab 6 lakh
Pune 6 lakh
Ahmedabad 6 lakh
Jaipur 5 lakh

High Paying Employers to CA in India

The highest paying company to CA professionals is ICICI BANK and PWC (PricewaterhouseCoopers). The working environment in companies which are exclusively involved in financial consultancies such as PWC, Ernst, and Young, Deloitte and KPMG is professional and competitive and attracts lot of application from CA. Working with such firms gives the opportunity to explore many another dimension to the CA profile. They are also the top paying employers In the industry.

Employer CA Salary per annum (Avg)
Reliance Industries Rs. 25-45 Lakhs (Highest)
Hindustan Unilever Ltd Rs. 10-36 Lakhs
Deloitte Rs. 14-35 Lakhs
KPMG Rs. 14-32 Lakhs
Aditya Birla Sun Life Rs. 13-28 Lakhs
ICICI Bank Rs. 11-27 Lakhs
ITC Rs. 10-25 Lakhs
TATA company Rs. 10-22 Lakhs
Bharti Airtel Rs. 12-22 Lakhs
SBI Bank Rs. 6-17 Lakhs

CA profession is not only entitled to receive a salary but they also enjoy another income source too. The other source of their income is Bonus, Fees, commission.

Chartered Accountant Remuneration Through other Basic Sources in India

Fees

Fees are what a CA is entitled to receive after rendering his consultant service on managing individual or firm account. Consequently, for a CA practicing individually, a major source of income is fees.

Commission

When a CA help his client to sort out financial glitches like disapproval of loans, preparing books for the merger, showing good books to attract investors, he is offered commission income over the solution he offers. This kind of income is earned by individual and firm involved in handling finance of other companies

Bonus

When CA professional work exceptionally well in their field they receive the incentive as a form of a bonus.

You can also check: Job Opportunities After Becoming A CA In India

CA Salary in India 2024 from other Sources

For individual practice Source of income for the individual practice Source of income of CA employed
Fees 80%
Commission 15% 5%
Bonus and incentive 5% 10%

Now you got all the details about how much a Chartered accountant earns annually, CA salary in India per month and the highest salary of CA in India.

We hope that this article motivates and guide you to choose your career path. We wish you the best of luck and keep yourself healthy and accountable.

 

FAQs Related to CA Salary in India

Q1: What is the salary of CA in India per month?

Ans: The salary of CA in India is ₹85.9k per month.

Q2: Name the oldest person who has completed CA?

Ans: Mr K N Mukhopadhyay has Cleared CA at the age of 66. He retired in GM rank from BCCL, a subsidiary of Coal India and then completed CA.

Q3: Who is India’s most richest CA?

Ans: Richest Chartered Accountants in India are as follows:

  • Kumar Mangalam Birla.
  • Deepak Parekh.
  • Rakesh Jhunjhunwala.
  • Motilal Oswal.
  • Naina Lal Kidwai.

Q4: Who is India’s most Youngest CA?

Ans: Nischal Narayanam is the youngest chartered accountant in India. He has completed his CA at the age of 19 years old.

Q5: What is the average salary of CA in India?

Ans: The average salary of a Chartered Accountant in India is ₹10.5 lakh per annum.

Q6: What is the highest salary of CA in India?

Ans: The highest salary of CA for freshers in India is 2-2.5 lakhs per month.

Q7: What is the salary of CA topper in India?

Ans: For CA topper the average salary offered in India is between INR 15 to 20 lakhs per year.

Q8: Which company pays highest salary to CA in India?

Ans: Top Company which pays highest salary to CA in India are as follows:

  • KPMG
  • Deloitte Haskins & Sells LLP
  • Reliance Industries
  • SAIL
  • Google
  • TATA Consultancy Services Ltd.

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