Chartered Accountant or CA Salary in India 2024 

CA Salary in India: Chartered Accountant Monthly Earnings 

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 those 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 70 to 80 lakh rupees per annum.

There is no doubt that CAs in India earn good perks, but earning 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 growth of the finance sector in India led to an increase in the demand for Chartered Accountants jobs in India.

And you can’t even imagine a CA per month salary in India in 2024. Check below the CA salary comparison in India and other countries. Additionally, if you want to know about the entire CA course, then read this complete CA Course Guide and also know How to become CA in India.


CA Salary in India 2024

Check the average salary of a CA in India below in the table

ParticularsPer Annum SalaryMonthly Salary
FreshersINR 698.3kINR 58,200
Average Salary for FreshersINR 804kINR 67,000
Lowest salaryINR 437kINR 36,500
Experienced (2-3 yrs)INR 1100kINR 91,000
Highest SalaryINR 6000KINR 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

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, the following is the Chartered accountant salary difference among significant countries.

Country Fresher CA Accomplished CA Highest CA Salary
Dubai AED 100k AED 123k AED 615k
Australia AU$ 74k AU$64k AU$113k
UK £28.4k £32.1k £62k
India ₹698.2k ₹744.3k ₹2m
USA $51k $78.7k $267k

Various Factors Affecting CA Salary in India

1. On the Basis of Skills

If a 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
Auditing 7.5 Lakhs
Account management 7.5 Lakhs
Internal audit 7 Lakhs
Accounting 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 the 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 are various posts in the country that need 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
Accountant 14 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 that 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 standards in developed and metropolitan cities are 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)
Gurgaon 10-12 Lakhs
Chennai 10 Lakhs
CA Salary in Mumbai 12 Lakhs
Delhi 08 Lakhs
Punjab 6-7 Lakhs
Guwahati 06 Lakhs
Pune 7-8 Lakhs
Jaipur 06 lakh
Ahmedabad 5-6 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. The salaries offered by CA firms in the BIG 4 differ on the basis of the 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’s

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.


IT Companies

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.


Manufacturing Companies

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 CAs on an average salary of 7 – 11 lacs p.a.


Banks

Banks heirs a number of CA candidates. They have various job profiles for the fresher Chartered Accountants. Banks like ICICI, HDFC, etc., generally offer salaries 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.


International Companies

These companies hire chartered accountants for their international branches. The salary packages tend 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.


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 increase. That means, after holding a rank in CA exams if you are picked up by a top company, 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.

Have Knowledge

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 clear your CA Final on the very first attempt. It will also increase your package. Also, 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 those you obtained in the CA Final. You would not be able to clear CA Final unless your concepts are clear. It is an advanced level of CA Foundation and CA Intermediate and CA Final. Whatever you have learned in Foundation, Intermediate, or Practical Training helps you clear the Final. 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 you attain 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 the 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 CA 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

  1. Audit Firms – In this area, your salary varies from 4 to 7 lacs.
  2. Finance and Accounts profile – Here, salary fluctuations are generally high. Range from 5-10 lacs.
  3. Internal Auditor – If you are appointed an Internal Auditor in a company, then the starting salary of a CA ranges from 6 – 8 lacs.
  4. Banks – Appointed by some banks like HDFC, ICICI, etc, the starting salary of a CA in India will be from 5 – 6.5 lacs.

Locality

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

Fees are what a CA is entitled to receive after rendering his consultant service on managing individual or firm accounts. For the CA practising individually, a significant source of income is fees.

Commission

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.

Bonus

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
Fees 80%
Commission 15% 5%
Bonus and Incentives 5% 10%

Conclusion

In this article, we covered the complete details of CA salary in India 2024. Whether you’re a student or an expert in your field, you can earn a good salary by using the information provided above. We hope you enjoyed reading this article, and we’ll continue to share similar helpful information regularly. Keep following CA wizard to stay updated on the latest insights about CA, CMA, and ACCA.

We also recommend you to check which is better ACCA vs CA? , MBA vs CA?CMA vs CA?

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 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.

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