Before starting a CA (Chartered Accountant) career, one thing always comes to our mind: “how much will I earn when I become CA later on?” There is nothing left to think about it because CA’s salary in India is enough to choose this field. But it’s not easy to achieve anything quickly as you have to be passionate and dedicated very strongly to reach all the stages of CA. If we see the current trend, demand is highly increasing, and there are various factors under which the salary of CA differs accordingly.
Here is some information on various factors like skills, etc. that will clear your CA’s salary perspective.
The average salary of CA in India
The average CA salary in India is 6-7 lakhs per annum at starting. After that, based on skills and experience, it can increase up to 30-40 lakhs per annum that can be provided by big established companies. If we talk about an international package, then the highest salary of a Chartered Accountant is 70-75 lakh per annum.
Jobs in CA are not specified as there are various sectors under which they can work, or they want to work like:-
- If they are willing to work with small businesses.
- Do they want to work under someone’s guidance?
- If they are comfortable with the organization.
- Do they want to work with the large business sector?
We can say that it’s all up to the CA’s ability or necessity that where and how they want to work accordingly.
What are the ways to get a high CA salary in India?
There are various factors under which we can differentiate the key points that are mentioned below:-
- Achieve rank in the CA exam:
You can quickly achieve 20-25 lakhs per annum if you get rank in your CA examination because it’s a method to prove yourself a brilliant student. Big organizations or companies hire these students at an excellent package. After that, there are more chances to get promoted or increment from these companies in your salary.
Fantastic experience by practical training:
If you clear your exam with good marks and sit in front of the interviewer, then what will you do because they easily judge you based on experience. Every recruiter needs an experienced guy so that it could be fruitful for them. Students with good experience can easily crack the interview than students that get good marks. So it is essential to balance everything that doesn’t harm you to get sufficient CA salary in India.
- Having great knowledge:
Having exceptional knowledge can also help you in a significant way as it’s like you look absolutely different from the present crowd. We can say that you establish your identity as a boss in the context of knowledge that helps you to get higher pay in comparison to others. It is an excellent key point that leads you to get a higher Chartered Accountant salary.
- Good communication skills:
Communication skills are essential in every type of field. If you have this ability, then it will reflect as a cherry on the cake. Communication skills show the confidence, knowledge, and demonstrates the ability to work further with any situation. Again it’s a chance to get a higher salary from selectors.
Location plays a significant role, as in India, there are worth of jobs according to the cities. It means every place has its different worth to work upon. The salary of CA also depends accordingly. Like if we talk about metro cities, then CA can easily get an average package of 7-10 lakhs per annum. Same as with other popular industry-related cities.
Also read: Best Coaching for CA in India: VSI Jaipur
CA salary in India depends on the type of Job Profile:
This is very obvious as the salary of the CA depends on the different job profiles. People choose many jobs profile according to their interests or appointed like banks, auditing, account profiling, etc.
The salary that they can get from these jobs profile is mentioned below:
- Finance and account profiling –
Here the amount can be anything between 5-10 lakhs per annum as the difference between the amount is higher. This is because it depends on the work and the organization.
- Banks –
Salary depends on the banks as the higher market holder banks can give you higher pay like HDFC, Axis, ICICI, etc.
- Internal Auditor –
The basic salary of the Internal Auditor job profile is 6-8 lakhs per annum.
- Auditing firms –
Auditing firms is one of the lower job profile of CA that salary varies from 4-7 lakhs.
Big Four Industry that Provides CA Salary in India
The big four industries itself are sufficient to know by there name. They have the biggest market network in the financial sector. Reliance, HUL (Hindustan Unilever Ltd.), KPMG, Deloitte are the big four industry that provides highest Chartered Accountant salary in India.
Here is the list of industries that provides the highest CA salary in India:
|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|
Chartered Accountant Salary in India on different Basis:
There are various basis that we can identify the salary of CA jobs according to the interest and according to availability. Different jobs profile are mentioned below:
Chartered Accountant Salary in India based on Skills
Skills are essential for CA as they require to be right in the three analytical measurements, compliance, and reporting skills. These are the skills that will further help to get them paid. The salary of a Chartered Accountant can be estimated as 7-11 lakh based on the job profile mentioned below.
|Skills||Average 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|
|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|
Chartered Accountant Salary in India based on Job Profile
Here is the list of the job profiles where salary are mention from higher to lower–
|Job Profile||CA Salary per annum|
|Financial officer||35 lakhs|
|Account executive||25 lakhs|
|Finance controller||19 lakhs|
|Finance manager||10 lakhs|
|Chartered accountant||7.25 lakhs|
|Financial analyst||6 lakhs|
|Assistant account manager||5 lakhs|
|Senior account executive||4 lakhs|
|Senior accountant||3.5 lakhs|
|Business analyst||4 lakhs|
|Account assistant||2 lakhs|
Chartered Accountant Salary in India based on Experience
Below are the stats of experience and the salary that CA can get accordingly–
|Year of Experience||CA Salary P.A|
|Above 20||50-70 lakhs|
Chartered Accountant Remuneration in India based on Other Sources
Fees: As the name suggests Fees is what a CA is going to receive against its service by managing the individually firm accounts.
Commission: The commission is received when a CA helps to find out solutions to the issue that occur to a client like disapproval of loan, etc. It is the extra income that they get from the client by solving out their issues.
Bonus: A bonus is a form of an incentive that receive when they work exceptionally good in the eye of the client.
Now we have reached the end of the article, and I had specified all the points under which the CA can get the salary in India on a different basis, ways, etc. Becoming a Chartered Accountant is a little tough, but if you have that will to achieve your goals, you can easily make it. Believing in ourselves with dedication can make anything so healthy that it generate a vote of confidence to achieve our goals.
Practicing more and more will generate a great experience that helps you out in the time of the interview, daily routine work, etc. It will also enhance your skills and confidence to get you to pay higher and stand out in front of anyone. I hope you will follow these steps.