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Chartered Accountancy (CA) is one of the most prestigious and rewarding professions in India. Aspiring professionals often look to the salary prospects as a key factor in deciding whether to pursue a career in this field. Understanding the salary range, along with the factors influencing it, can significantly aid in career planning. In this blog, we will take a detailed look at the salary of a Chartered Accountant in India, breaking it down by experience level, industry, location, and employment type, while also discussing salary growth and additional benefits.
Chartered accountants are the accounting professionals of an organization. They hold an important role in the finance and accounting field. The CA regulates and manages the financial operations of a business enterprise and keeps an eye to find the deficiencies in the financial structure of a company.
They carry out several tasks, such as preparing books of accounts, capital budgeting, tax planning, budget forecasting, etc.
Chartered accountants also contribute to the fields like auditing and assurance, management accounting, financial accounting, and reporting. The efficiency of operating these works generally determines the salary of a chartered accountant in India.
The salary of a Chartered Accountant in India depends upon various factors like the company they work for, industry, geographical factors and experiences etc. Here you will get to know how various factors affect the salary of a Chartered Accountant in India.
As a fresher, you might have less amount of salary. With the gradual increase in the experience, the salary increases too.
Years of Experience | Average Salary (in INR) |
0- 2 Years | 7 LPA |
3- 5 Years | 7.5 LPA |
6-8 Years | 9 LPA |
9 or more | 11 LPA |
Source: Ambition Box
The big MNCs and various companies provide a good salary for employees appointed as their CA. Those companies are as follows:
Company | Average Salary (in INR) |
Ernst & Young | 13.9 LPA |
Deloitte | 18.6 LPA |
KPMG | 19.4 LPA |
Wipro | 10.8 LPA |
Reliance Industries | 17.1 LPA |
Source: Ambition Box
The Government Sector provides numerous job opportunities for a Chartered Accountant to work for the Government established institutions. You can refer them for the analysis of a CA salary.
Company | Average Salary (in INR) |
State Bank of India (SBI) | 1-14 LPA |
Institute Of Chartered Accountants | 1-6 LPA |
ONGC | 16-19 LPA |
CSPDCL | 3-4 LPA |
Canara Bank | 1-2 LPA |
Source: Ambition Box
With states and their different tax regulations, CA’s are paid based on their location. This plays a major role towards the salary factor.
Cities | Average Salary (in INR) |
Delhi | 11 LPA |
Bengaluru | 11.5 LPA |
Gurugram | 11.6 LPA |
Kolkata | 11.9 LPA |
Mumbai | 11.1 LPA |
Source: Ambition Box
There is a difference in the salary of a Chartered Accountant in India based on skills. Here are some of the skills that a CA is hired for.
Skills | Average Salary(in INR) |
Financial Reporting | 8.2 LPA |
Budget Management | 12 LPA |
Auditing | 7 LPA |
Strategic Accounts | 13.5 LPA |
SAP Financial Accounting and Controlling | 8 LPA |
Account Management | 7.5 LPA |
A CA is highly qualified and has experience in other roles as well. They are hired in some of the job profiles listed below.
Job Profile | Average Salary(in INR) |
Finance Controller | 24.5 LPA |
Finance Manager | 16.8 LPA |
Business Analyst | 4 LPA |
Finance Officer | 5 LPA |
Senior Account Executive | 4.8 LPA |
Source: Ambition Box
The chartered accountancy certification is offered by the Institute of Chartered Accountants of India (ICAI). To enroll in the CA program, candidates must fulfil the eligibility criteria and clear the respective exams.
The eligibility criteria for pursuing the CA course are as follows:
To be a chartered accountant, one has to clear some milestones in the form of exams which are mentioned below:
After clearing the final exam, one can be certified as a chartered accountant by The Institute of Chartered Accountants of India.
The chartered accountancy course is designed for students who want to delve deeper into the finance and accounting domain. The course imparts in-depth knowledge of accounting and taxation and trains them to deal with real-world problems.
The scope of CA is pervasive that is it is not limited to any particular working sector. Chartered accountants can work in several national and international business firms. You can also get employed in various government institutions or start offering your services as an entrepreneur.
The following points can enable a CA to get paid the highest salary of a chartered accountant in India.
The average salary of a Chartered Accountant in India is a significant factor in attracting individuals to this prestigious profession. The remuneration for Chartered Accountants varies based on factors such as experience, industry, and location. Here’s a detailed look at the salary of a Chartered Accountant in India:
To be eligible for a position in a Multinational company or the Fast Moving Consumer Goods (FMCG) sector, a new Chartered Accountant (CA) must typically rank within the top 50 in their field. Leading firms in these sectors, such as HUL (Hindustan Unilever), P&G (Procter & Gamble), Marico, and RB (Reckitt Benckiser), are highly sought-after employers. These companies require qualified experts to manage their complex financial and accounting needs, and the salary of a Chartered Accountant in India in these organizations reflects their prestigious status.
Salary of a Chartered Accountant in India in these top-tier companies starts between ₹18 lakh and ₹25 lakh per annum. This competitive starting salary is a reflection of the high standards and qualifications required to join these industry leaders. To secure a position, new CAs need to pass the necessary examinations, demonstrating their expertise and readiness for high-profile roles.
In addition to an attractive salary of a Chartered Accountant in India, these multinational and FMCG companies offer a range of benefits. Employees often enjoy amenities such as free transportation, rented housing, and company vehicles. Financial advantages also include comprehensive life, health, and property insurance, enhancing the overall compensation package and making these positions highly desirable.
The services of a Chartered Accountant (CA) are vital for effective risk management, ensuring that businesses not only increase earnings but also decrease losses, thereby supporting the trouble-free operation of the business. The salary of a Chartered Accountant in India in such roles reflects the high value of their contributions.
In IT giants like TCS, Wipro, Infosys, and Reliance Industries, while the scope of work for Chartered Accountants may be limited, the salary of a Chartered Accountant in India remains quite competitive. Freshers in these companies typically receive a CA salary ranging from ₹8 lakh to ₹10 lakh per annum. For those with experience and specialized skills, the salary can escalate to ₹40 lakh to ₹60 lakh annually.
Chartered Accountants in these IT and conglomerate sectors handle crucial tasks including bookkeeping, financial statement preparation, and auditing to ensure compliance with accounting standards. Their primary goal is to build and maintain the company’s goodwill through accurate financial management.
Despite limited opportunities for career expansion within these firms, the salary of a Chartered Accountant in India is fair and reflects the significance of their role in upholding financial integrity.
As a chartered accountant, you need to have a strong foundation in financial knowledge. This includes understanding financial statements, tax laws, auditing procedures, and financial analysis. Having basic financial knowledge is a must for getting a well-paid CA salary in India.
The salary of a Chartered Accountant in India is well-paid not just because they look after companies accounts and taxes. CAs help organizations expand their business by providing financial advice, to do so they need to have great business skills.
To get a good salary as a Chartered Accountant in India you should know how to use the accounting software. This makes you more relevant in modern times and helps you do your work easily. So, learn using the software used in accounting firms.
Having soft skills like strong analytical skills to assess financial data, identify trends, and make informed decisions is also important for CA. It involves critically analyzing numbers, recognizing patterns, and drawing meaningful conclusions.
If you want to make good professional relationships, climb the career ladder and good salary of a Chartered Accountant in India then you need to sharpen your communication skills. Network with the right people and gain experience.
The Big 4 accounting firms—KPMG, EY, PWC, and Deloitte—dominate both public and private audits, attracting top chartered accountants for articleships and full-time roles. Starting salaries for fresh hires begin at 11 lakhs, growing to an average of 24-25 lakhs after 4-5 years. Growth potential is limitless, with salaries dependent on daily performance and experience.
Top companies like MARICO, HUL, RB, and P&G prefer top-ranking CAs (ranks 1-50) from chartered accountant exams, valuing those with fewer attempts and higher marks. These companies offer coveted benefits and seek skilled accountants to manage their finances.
In the IT industry, companies like Infosys, TCS, Wipro, and Reliance Industries offer lucrative roles for CAs, starting from 8-10 lakhs and climbing to 40-60 lakhs with experience. Continuous knowledge updating is crucial in this field.
In Public Sector Undertakings (PSUs) like BHEL, ONGC, SAIL, CIL, and NTPC, fresher CAs with 55-60% marks in CA finals (two or more attempts) can secure positions. Annual earnings in PSUs range from 8 to 20 lakhs. While PSUs offer stability, they might lack the growth opportunities of the Big 4.
Companies | Salary Package |
Reliance Industries | 12 LPA |
Deloitte | 10.9 LPA |
KPMG | 10 LPA |
Hindustan Unilever Ltd. | 12 LPA |
ICICI | 8 LPA |
Aditya Birla Sun Life | 9.5 LPA |
ITC | 22 LPA |
Tata | 8.6 LPA |
SBI | 11 LPA |
Bharti Airtel | 6 LPA |
The initial chartered accountant salary in India may depend upon factors like the number of attempts or marks or even the candidate’s rank. Still, later on, all that matters is the knowledge, skills, passion for learning every day, and the capability to withstand the obstacles and handle the stress that comes with the work.
Those with a sheer will and appropriate skills can earn pretty well. When one is working long and smart daily and constantly learning to deal with the day-to-day changing world, there is no limit to a charted accountant’s salary in India.
Ans. The average salary of a chartered accountant in India is around INR 7 lakhs per annum. This states that a CA earns around 58,000 in a month. This can increase greatly depending on the knowledge and skills acquired by the professional in the course of work. The CA salary majorly depends on the work experience.
Ans. The salary of a chartered accountant in India ranges around 6-7 lakhs per annum. The average starting salary is around 2.5 lakhs per annum and the highest salaries go up to 15 lakhs per annum. Chartered accountants with fine years of work experience get a great salary package in various high-end business firms.
Ans. The CA designation itself is one of the highest-paying career options however, chartered accountants also get recruited at various reputed job profiles. Some of the fields of CA that earn more are the account executive, finance controller, finance analyst, finance manager, business analyst and many more.
Ans. CA and MBA both are prestigious and highly in-demand courses that lead to successful careers in future. Once a candidate clears the CA exam and works in a reputed organization, they can earn around INR 8-9 lakhs per annum. And after completing an MBA course one can earn around INR 7-8 lakhs per annum, which clearly states that CA earns more than MBA.
Ans. Although CAs in India are quite well paid, however, the Chartered Accountant Salary in the United States of America (USA) is the highest. So, if you are planning to move abroad and work as CA then choosing USA is a great choice.
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