In this article, we will tell you the Chartered accountant salary in India and how much does a CA earn in India.
6-7 lakhs is the average salary offered to a Chartered Accountant 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 7.36 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.
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 2020:
The average salary working internationally range out more than 75 lakh per annum.
The Chartered Accountant (according to survey in 2019) is paid the average hourly salary of Rs 700 (ranging from minimum of Rs 500 to 3000) monthly average salary Rs 55,000(ranging from a minimum of Rs 10000 to 1,50,000).
This article helps to get a view about the relation between salary paid to Chartered Accountant in 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.
CA Salary in India: 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 avg salary more than 8 lakhs per annum and tax compliance and tax consulting are lower paid skills with avg 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.
Table showing Chartered accountant salary on the basis of skills:
|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|
|Tax consulting||7.10-7.25 lakhs|
|Tax compliance||7-7.1 lakhs|
CA Salary in India: 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.
Chartered accountant salary in 2020 on the basis of experience
|Year of experience||CA Salary per annum (Avg)|
|Above 20||50-70 lakhs|
CA Salary in India: On Basis of a 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 avg.salary above 20 lakh per year, whereas Account assistant and Business Analyst are paid approximately Rs 10,000 per month.
Salary of CA in India per month on the basis of job profiles:
|Jobs profile||CA Salary per annum (Avg)|
|Finance officer||35 lakh|
|Account executive||25 lakh|
|Finance controller||19 lakh|
|Finance manager||10 lakhs|
|Chartered accountant||7.25 lakh|
|Financial analyst||6 lakh|
|Assistant account manager||5 lakh|
|Senior account executive||4 lakh|
|Senior Accountant*||3.5 lakh|
|Business analyst||4 lakh|
|Account assistant||2 lakh|
CA Salary in India: 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
Chartered accountant salary per month on the basis of the location where you reside
|City||CA Salary per annum (Avg)|
|Guwahati||6 20 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.
Highest salary of ca in India 2019
|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 are what a ca is entitled to receive after rendering his consultant service on managing individual or firm account. The CA practicing individually, a major source of income is Fees.
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
when ca professional work exceptionally well in their field they receive the incentive as a form of a bonus.
CA Salary in India 2020 from other sources
|For individual practice||source of income for the individual practice||Source of income of CA employed|
|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.