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Chartered Accountant Salary in India
In India, a chartered accountant's remuneration is determined by his work title and the organisation that hires him. If you work for the government, you will have set hours and have less stress. However, if you work as a CA for a multinational corporation, you can earn more. Even though government jobs may not pay well, the benefits for a CA are excellent.
Chartered Accountants' Salary Packages in India
A CA's remuneration is determined by his skill set and experience. The following is a list of CA salary packages.Least Package : The minor salary per annum in India for a CA is estimated at INR 3lakhs. This is a good starting salary for freshers. However, the CA who has done exceptionally well in the CA-Final Examination or has built a brand for themselves could earn the highest starting salary for CA.
Highest Package :The highest salary packages for CA is an International posting. They earn up to INR 76 lakhs pa.
In-Between Package : The Chartered Accountant salary for an International Posting is between INR 9-18 lakhs pa, and the public sector could pay INR 10-20 lakhs p.a. Indian Business giants offer between 6-9 lakhs pa.
Lowest Package : In return for services, small companies offer a chartered accountant in India a salary package of INR3 lakhs pa.
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The Average Chartered Accountant Salary in India
In a report on its placements, the ICAI stated that the average compensation for a CA in India is INR 7 – 8 lakhs per year.
Chartered Accountant Salary :
Given below is table consisting of an overview of salary of Chartered Accountant in different country .|
Country |
Fresher |
Experience (4-5 years) |
Lowest Total Salary |
Highest Total Salary |
Average Base Salary |
|
USA |
$51.1k |
$78.7k |
$28k |
$267k |
$80k |
|
Dubai |
AED 100k |
AED 121k |
AED 27k |
AED 616k |
AED 119k |
|
UK |
£28.4k |
£32.2k |
£24k |
£62k |
£ 35.9k |
|
India |
₹698.3k |
₹744.3k |
₹437k |
₹2m |
₹797.6k |
|
Australia |
AU$ 74.1k |
AU$64.1k |
AU$54k |
AU$113k |
AU$ 70.9 |
Other CA Firms-Annual Salary of a CA in India
After completing their practise, a new Chartered Accountant in India joins a CA firm to get experience. Only a few CA firms in India hire freshers to protect their clients' interests, and they pay them a handsome Chartered Accountant salary in India of INR3 lakh to 8 lakh per year.
In India, the remuneration of a practising chartered accountant is
Chartered Accountants who are in practise are paid based on their ability to attract clients. He might make up to INR 50 lakhs per year if he can obtain huge firms as clientele. The average compensation for chartered accountants in India is INR 21.3 lakhs. In India, the minimum ca income from his practise is projected to be INR 10 lakhs. Female chartered accountants receive significantly greater salary than male chartered accountants.
CA Salary in India in Multinational Companies and FMCG
A new CA must rank among the first 50 to get a Multinational and Fast Moving Consumer Goods (FMCG). They are HUL (Hindustan Unilever), P&G (Procter & Gamble), MARICO, and RB (Reckitt Benckiser) and are number Uno in the market. These companies need competent professionals to handle accounting and finance for them. Chartered accountants' salary starts at 18-25 lakh per annum in these companies. The number of attempts to clear the exams should be few for them to get a job.
These companies also provide several perks such as free conveyance, leased accommodation, leased car, and financial benefits like health, property, and life insurance.
Chartered Accountant Salary in India in IT Companies
The Service of a CA for efficient risk management ensures that these companies progress in profits and cuts losses to help run the enterprise without a glitch.
The work in IT companies like TCS, Reliance Industries, Infosys, Wipro, in not much, but the chartered accountants' salary is attractive. They pay INR 8-10 lakhs CA salary to freshers and INR 40-60 lakhs CA salary to the experienced and skilled one.
Their job is to bookkeeping and prepares financial statements and audit the same to ensure that proper accounting principles are maintained. Their primary aim is to build the goodwill of the company.
The scope for growth in such companies is minimum. Nevertheless, the remuneration is reasonable.
How much do Chartered Accountants in Public Sector Companies in India Earn?
Fresher CAs have a good chance of landing a job with the ICAI's recruiting efforts if they have a score of 50 percent to 60 percent in CA-Final and have taken two attempts to pass the exam. CAs work for government organisations such as the National Thermal Power Corporation (NTPC), Steel Authority of India (SAIL), Bharat Heavy Electrical Ltd. (BHEL), Coal India Ltd. (CIL), and Oil and Natural Gas Corporation (ONGC). The profession is less stressful because of the set hours of work, and chartered accountant salaries range from INR 8-20 lakhs depending on their talents and experience. The only drawback is that they may be stationed far from home or moved from one location to another.|
Name of the Company |
Salary to CA |
|
Reliance Industries Ltd |
₹ 25 lakhs |
|
Deloitte |
₹15-36 lakhs |
|
HUL |
₹16-30 lakhs |
|
KPMG |
₹ 13-32 lakhs |
|
Aditya Birla Sun Life |
₹13-35 lakhs |
|
ICICI |
₹12-27 lakhs |
|
ITC |
₹14-25 lakhs |
|
Tata |
₹14-22lakhs |
|
Bharti Airtel |
₹ 11-22 lakhs |
|
SBI |
₹ 7-17lakhs |
Salary of CA in India on the Basis of the Experience
The employing firms place a high value on a CA's years of expertise. In India, a CA pay with at least 10 years of experience is INR 30 lakhs per year. The remuneration will be determined by the number of years he has worked, the type of work he has done during those years, and the companies he has worked for.
|
Experience (years) |
Salary pa (lakhs) |
|
0-5 |
7 |
|
3-10 |
12 |
|
10-20 |
20 |
|
20 and more |
50-70 |
A Chartered Accountant Salary on the Basis 0f a CA's Skills
Because chartered accountants earn a high compensation, the position of CA is highly sought after. CA gets compensated based on his abilities. To have a high job profile and an appealing compensation, a CA must have financial accounting, budget management, outstanding communication, audit, risk management, strategic management, analytical, and controlling skills.
|
Skills |
Average Salary per annum |
|
Budget Management |
9-11.5 lakhs |
|
Strategic Accounts |
8-9 lakhs |
|
Evaluation and Management Auditing |
8-9 lakhs |
|
Financial Analysis |
7-8.5 lakhs |
|
Financial Advisor |
8-8.5 lakhs |
|
SAP Financial Accounting and Controlling |
7.5-8.5 lakhs |
|
Financial Reporting |
7-8.5 lakhs |
|
Auditing |
7-7.5 Lakhs |
|
Account Management |
7.5 lakhs |
|
Internal Audit |
6-7 lakhs |
|
Accounting |
6-7 lakhs |
|
Tax Consulting |
6-7 lakhs |
|
Tax Compliance |
6-7 Lakhs |
How much does a Chartered Accountant in India earn based on Job Profile?
A CA’s knowledge is not limited to accounting and tax. He has an in-depth understanding of many aspects that are essential in profitably running a business enterprise. A CA could be hired as a Finance Manager, Account Executive, Financial Controller or CFO. Depending on the profile for which he is appointed, there will be variations in his salary too.
|
Job Profile of a CA |
Average salary per annum |
|
Finance Officer |
30-35 lakh |
|
Account Executive |
20-25 lakh |
|
Accountant |
20-25 lakh |
|
Finance Controller |
18-19 lakh |
|
Finance Manager |
9-10 lakh |
|
Chartered Accountant |
7-7.25 lakh |
|
Financial Analyst |
5-6 lakh |
|
Assistant account manager |
4-5 lakh |
|
Senior Account Executive |
3-4 lakh |
|
Senior Accountant* |
3.5 lakh |
|
Business Analyst |
3-4 lakh |
|
Account Assistant |
1.75-2 lakh |