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One of the most common questions in every CA student’s mind – How Much is the CA Salary in India?
The Average Salary of CA in India starts from 6-7 Lakh rupees and can go up to 40 Lakhs. Most of the highest salaries of CA in India are paid by the Big 4 companies along with the companies that are operating in the manufacturing segment. On the other side if we talk about the Salary of Chartered Accountants Outside India then the per annum packages range around 7 to 6 Lakh rupees per annum.
No, doubts that the CA in India earns good perks of money, but to earn that much income requires a lot of dedication and hard work to clear all the examinations of Chartered Accountants in India. There are a lot of factors that differentiate the CA salary in India 2024. The ongoing demand and growth of the finance sector in India lead to an increase in the growing demand for the jobs of Chartered Accountants in India.
And you even can’t imagine CA per month salary in India in 2024. Check below the CA salary comparison in India and other countries.
CA Salary in India 2024
Check the average salary of a CA in India below in the table
|Particulars||Per Annum Salary||Monthly Salary|
|Freshers||INR 698.3k||INR 58,200|
|Average Salary for Freshers||INR 804k||INR 67,000|
|Lowest salary||INR 437k||INR 36,500|
|Experienced (2-3 yrs)||INR 1100k||INR 91,000|
|Highest Salary||INR 6000K||INR 500,000|
Also Check: CMA Salary in India
Chartered Accountant Salary in India for Freshers
The CA salary for freshers in India is based on their skills and knowledge. Freshers who pass the exam according to the following criteria will be paid accordingly;
|CA Final Passed In Several Attempts||Passed in Single Attempt||CA Final Toppers|
|INR 6-9 Lakhs||11-15 Lakhs INR||INR 16 – 25 Lakhs|
Various Factors Affecting CA Salary in India
1. On the Basis of Skills
If Chartered Accountant possesses skills like Auditing, Budget Management, Strategic Management, Financial Analysis, Controlling, etc. They are paid according to their skills. Here is the table showing CA’s average Salary in India per annum according to their skills.
|CA Skills||Avg.Salary p.a.|
|Budget management||10 Lakhs|
|Strategic accounts||9 Lakhs|
|Evaluation and management auditing||8.5 Lakhs|
|Financial analysis||8.5 Lakhs|
|Financial Advisor||8.5 Lakhs|
|SAP financial accounting and controlling||8.5 Lakhs|
|Financial reporting||8-.5 Lakhs|
|Account management||7.5 Lakhs|
|Internal audit||7 Lakhs|
|Tax consulting||7 Lakhs|
|Tax compliance||7 Lakhs|
2. On the Basis of Experience
When Chartered Accountants are appointed, along with relevant skills, Companies also see CA’s experience, in which company they have worked before, in which field they have experience. Under-mentioned is CA Salary in India per year based on experience.
|Years of experience||Avg. CA Salary per annum|
|0-5 years||6-9 lakhs|
|5-10 years||12-15 lakhs|
|10-20 years||20-22 lakhs|
|Above 20 years||60-70 lakhs|
3. On the Basis of Job Profile
There is a various post in the country that needs a Chartered Accountant more than the knowledge of Accounts and Taxes. Various people with a good education profile in the country apply for the higher position of the Job. The Job profile of CFO, Account Executive, Finance Controller, and Finance Manager enjoy good salaries with packages of Rs. 20 Lakhs per annum. Below is the list of Annual CA’s highest Salary in India based on Job Profile.
|Jobs profile||CA Salary per annum (Avg)|
|Account executive||20 Lakhs|
|Finance controller||14-16 Lakhs|
|Finance Manager||10-12 Lakhs|
|Financial analyst||06-07 Lakhs|
|Assistant Account Manager||05 Lakhs|
|Senior Account Executive||04 Lakhs|
|Business Analyst||4-7 Lakhs|
|Account Assistant||3-5 Lakhs|
4. On the Basis of City
It is always said the city in which you are working decides the pay scale. Every company pays salaries to its employees depending on the pay scale of a particular city. Following these criteria, it is obvious that the big and developed cities in India pay good perks since the living standard in developed and metropolitan cities is higher. In India cities like Bangalore, Gurgaon, Bombay, and Kolkata pay the highest salary to Chartered Accountants in India. On average in a developed city the monthly salary of a Chartered Accountant can go up from 1 Lakhs per annum to 1.5 Lakhs.
|CA Average Salary in India based on City||Average Salary of CA in India (Per Annum)|
|CA Salary in Mumbai||12 Lakhs|
CA Salary in Different Sectors
BIG 4 (EY/Deloitte/PWC/KPMG)
BIG 4 are the leading firms in India that hire the maximum number of CA freshers after every attempt. You will get good exposure to working with these firms. Salary and other initiatives are also very high. Although it is a dream of every student pursuing a CA to work with BIG 4. Salary offered by CA Firms in the BIG 4 differs on the basis of Job Profile. Most of the CA Freshers are hired in the Audit Section. It handles a large amount of CA work from all over India. On an average basis freshers working in a BIG 4, CA Firms are paid around 12 Lakhs p.a to a whopping 25 Lakhs p.a. The salaries decided by the companies vary on different factors.
PSU shortlists the candidates even after a number of attempts but the criteria of their shortlisting is marks. Some PSUs like ONGC, HPCL, BSNL, etc. They offer a high salary package in comparison to CA Firms. Their range generally fluctuates from 6-15 lacs. The basis for your selection after getting shortlisted will always depend on your performance in your interview.
Companies like Infosys, Wipro, Microsoft, etc recruit a number of CA candidates. They have a complete full-fledged audit team. The salary of CA IT Companies generally varies from 7 – 10 lacs rupees p.a.
These are the most preferable concerns with which a fresher CA is advisable to start the career. Maybe you don’t start with a dream package in these companies but your growth and exposure are unlimited. Manufacturing Companies like TCS, MRF, Vedanta, etc hire fresher CA’s on an average salary of 7 – 11 lacs p.a.
Banks heirs a number of CA candidates. They have various job profiles for the fresher Chartered Accountants. Banks like ICICI, HDFC, etc generally offer a salary ranging from 5-10 lacs.
Indian CA Firms
Many Indian CA firms recruit CA candidates to handle their office work. They also get the benefit of appointing Chartered Accountants as their number of audits increases by recruiting the number of CA. Top CA Firms in India are Haribhakti & Co., Singhi & Co., Chaturvedi & Shah etc.
These companies hire Chartered Accountants for their international branches. The salary packages listen to be very high but the actual cash in hand is comparatively low. In the 2016 campus placement, Ashutosh Agarwal was offered the highest package of 76 lacs in Olam International but the base salary is relatively very low.
Average Salary of CA in India Vs Other Countries
CA is a recognized title and is respected across the world, although there may be differences in CA income in different countries, it depends on the standard of living and human resource value of each country, according to the ICAI report following is the Charted accountant salary difference among significant countries.
|Country||Fresher CA||Accomplished CA||Highest CA Salary|
|Dubai||AED 100k||AED 123k||AED 615k|
How to Get Paid Highest CA Salary in India?
Get Rank in the CA Exams
If you get a rank in the CA Examination, then your chances of getting high packages will automatically be increased. That means after holding a rank in CA Exams if you are picked up by a top company then your starting salary of CA will easily be up to 20-25 lacs p.a. However, if you have other skills besides holding a rank then chances of increments are there in your salary.
Knowledge is the key to any lock. If your concepts are clear, and you have a command of your subjects then obviously, your chances of getting selected with the higher packages are always high. High packages do not mean that your initial salary as a fresher is high. But if you get a job with some MNCs or top firms then your chances to grow in a few years become easier.
Less Number of Attempts
Yes, friends, this is true. The number of attempts matters in getting a wonderful job unless you don’t have a superb reference. You will get shortlisted for big firms like KPMG, Deloitte, EY, PWC, or other Top CA Firms only if you are passed out in hardly two or three attempts. You will get a chance to prove yourself in the interview only if get shortlisted first. But PSUs shortlist the candidates even after a number of attempts. So, if you want to work with BIG 4 or other Top CA Firms then try to get clear your CA Final on the very first attempt. It will also increase your package. find out what common mistakes students make.
High Marks in your Final Examination
Marks obtained at every level matter but how far most considerable marks in getting a good job with a higher package are which you obtained in CA Final. Because you would not be able to clear CA Final unless your concepts are clear. It is an advanced level of CA Foundation (CPT) and CA Intermediate (IPCC)and CA Final whatever you have learned in CPT, IPCC or Practical Training help you clear the Final. And as I already told you, PSUs select the candidates even after the number of attempts, so selection and package will be on the basis of marks you obtained even after a number of attempts.
Good Communication Skills
Good Communication Skills help in influencing the interviewer. It boots up your impression in the interview. So, basically, once you are shortlisted, your way of presenting yourself through your excellent communication skills helps in attaining a good salary package in India.
Good Practical Training Experience
Many of the students go for dummy Articleship to clear their CA Final on the very first attempt. But what they lack in doing this, is the experience which they could have gained from the practical training. If you think that your concepts are clear and you can easily crack the interview then let me warn you, friends, that interviewer in front of you will be an experienced guy. Not more than 10 minutes he will need to judge your practical training experience. You can be shortlisted for the interview on the basis of the marks you obtained but then… In the interview, your experience will speak. Students can also enroll themselves for Articleship training in some of the big CA firms in India and can get paid a stipend of Rs 20,000 around. These companies also pay the highest salary to their employees also.
Types of the Profile
The salary differs on the type of profile. Whether you are appointed for Finance, Audit Dept, Direct and Indirect Tax Consultants, Banks, etc. Average salary packages are
- Audit Firms – In this area your salary varies from 4-7 lacs.
- Finance and Accounts profile – Here salary fluctuations are generally high. Range from 5-10 lacs.
- Internal Auditor – If you are appointed an Internal Auditor in a company then starting salary of a CA ranges from 6 – 8 lacs.
- Banks – Appointed by some banks like HDFC, ICICI, etc the starting salary of a CA in India will be from 5 – 6.5 lacs.
The area of the city where you want to do the job matters. In developed and metro cities you can quickly get an average salary of 7 – 10 lacs like Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Gurgaon. But in other cities, it is a bit difficult task.
These are some of the basic factors which have a major impact on your salary packages. Now let’s move ahead towards the top Firms which hired the maximum number of Freshers.
Highest Paying Companies to CA in India
India is also started getting reorganization from some of the best companies. To handle the large accounts and auditing of these companies a good number of financial managers and Chartered Accountants are required. Some people still thought that only the BIG 4 firm pays a good paycheck to their employees but it is not true. Below are some of the highest-paid CA in India payers. Working with these companies is the dream of a lot of people, employees get the opportunity to explore themselves to the best possible Possible level.
|Highest Paying Companies to CA||Average Salary of CA ( Per Annum )|
|Reliance Industries||Rs. 25 Lakhs|
|Deloitte||Rs. 15-36 Lakhs|
|Hindustan Unilever Ltd||Rs. 16-30 Lakhs|
|KPMG||Rs. 13-32 Lakhs|
|Aditya Birla Sun Life||Rs. 13-25 Lakhs|
|ICICI Bank||Rs. 12-27 Lakhs|
|ITC||Rs. 14-25 Lakhs|
|TATA Company||Rs. 14-22 Lakhs|
|Bharti Airtel||Rs. 11-22 Lakhs|
|SBI Bank||Rs. 7-17 Lakhs|
CA Salary in India 2024 From another source
Apart from the salaries, a chartered accountant professional can earn from various other sources. Few of them are mentioned below:
Fees are what a CA is entitled to receive after rendering his consultant service on managing individual or firm accounts. The CA practising individually, a significant source of income is Fees.
When a CA helps his client sort out financial glitches like disapproval of loans, preparing books for the merger, and showing good books to attract investors, he is offered commission income over the solution he offers. This kind of income is earned by individuals and firms involved in handling the finance of other companies
When CA professionals work exceptionally well in their field they receive the incentive in a form of a bonus.
|For Individual Practice||Source of Income for the Individual Practice||Source of Income of CA Employed|
|Bonus and Incentives||5%||10%|
In this article, we covered the complete details of CA salary in India including CA salary in 2024 or CA salary in India per month 2024, factors affecting CA salary in India, CA salary comparison between India and other countries, highest paying companies in India and more. Whether a Student or an expert professional they can unlock high salaries with the help of the above information. We hope you liked this article, we will provide you with such information on a regular basis. So, stay tuned with CAwizard to gain the latest insights regarding CA, CMA and ACCA
Also Check: Best ACCA Coaching in India
Frequently Asked Questions
Q1. What is the average salary of CA in India Per Month?
Ans: The average salary of a CA in India is approx Rs. 55000 per month.
Q2. What is the starting salary of CA?
Ans: The Starting salary of CA in In India is approx 7 Lakhs per annum.
Q3. Who is the highest-paid CA in India?
Ans: Kumar Mangalam Birla the chairman of Birla Institute of Technology & Science is the top and highest-paid CA in India.
Q4. Is CA the highest-paid job?
Ans: Yes, CA is a very reputed and highest-paid job in India.
Q5. Can I clear CA in the First attempt?
Ans: According to the past stats, it is seen that 45-50% of the candidates clear CA in First attempt.
Q6. What is the highest salary of CA in India per month?
Ans: The highest salary of CA in India per month is approx 1 LaKh to 2 LaKh Rs.
Q7. How much does a chartered accountant salary in India per month among the Big Four companies?
Ans: CA at Big Four companies initially earn 6-8 lakh, but with 4-5 years of experience, they start to earn an average of 24-25 lakh INR annually.
Q8. What is the Salary of a CA Topper?
Ans: The Salary Offered to a CA Topper is 15 -25 lakh per annum.
Q9. What are the Role and Responsibility Given to CA?
Ans: A Chartered Accountant ( CA) can take diverse roles like Accounting, Taxation, Auditing, Cost Accounting, and so on.
Q10. What is the CA annual salary in India for freshers?
Ans: The CA annual salary in India for freshers is INR 2-3 lakhs.