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Updated on 12th January, 2023 , 6 min read
The Chartered accountant Salary in India ranges between 6-7 lakhs. Outside of India, packages might cost up to 75 lakhs. The average income of CAs in India is 7.36 lakhs, according to data from the most recent campus placement conducted by the ICAI.
The skills and expertise a CA has determines their compensation as new graduates in India. Freshers will be reimbursed appropriately if they pass the exam based on the following standards-
Passed in Several Tries |
Passed in Single Attempt |
CA Final Toppers |
INR 6-9 lakh |
INR 11-15 lakh |
INR 16-25 lakh |
CAs make an average of Rs 55,000 per month. (between a minimum of Rs.10,000 and Rs. 1,50,00). The average compensation for work overseas is sometimes over 75 lakh per year.
Budget management, strategic accounting, management auditing, financial analysis and controlling, and financial reporting are highly paid skills in the industry.
The below table outlines skill-based Chartered Accountant Salary until 2022-
Skills in Chartered Accountant |
Average Salary of CA Per Annum |
Budget Management |
9.5-11 lakhs |
Strategic Accounts |
8.9-9 lakhs |
Management Auditing and Evaluation |
8.5-9 lakhs |
Financial Analysis |
8.5-8.8 lakhs |
Financial Advisor |
8.5-8.75 lakhs |
Accounting and Control Software for SAP |
8.10-8.25 lakhs |
Financial Reporting |
8-8.2 lakhs |
Auditing |
7-7.5 lakhs |
Account Management |
7-7.25 lakhs |
Internal Audit |
7.25-7.35 lakhs |
Accounting |
7.25-7.35 lakhs |
Tax Consulting |
7.10-7.25 lakhs |
Tax Compliance |
7-7.1 lakhs |
Experience is a factor in addition to competence when determining the value to the firm. The practical experience is very important in calculating the maximum wage each month, but one's enthusiasm for continuing their education also adds value to their experience. The average annual starting pay for a CA with less than 10 years of experience is INR 7 lakh, whereas that of a CA with more than 10 years of experience is more than INR 20 lakh.
The below table outlines Experience-Based Chartered Accountant Salary until 2022-
Year of Experience |
CA Average Salary Per Annum |
0-5 |
7 lakhs |
5-10 |
12 lakhs |
10-15 |
20 lakhs |
15-20 |
24 lakhs |
20 years and Above |
37 lakhs and above |
A CA's profession is not just restricted to commercial businesses; it also extends to the public sector. They may work for a variety of institutions, including banks and ministries. Let's look at the tables for the public and private sectors, respectively, below-
Job Profile |
CA Average Salary |
SAIL |
8-14 lakhs |
GAIL |
7-17 lakhs |
State Bank of India |
7-18 lakhs |
Ministry of Finance |
6-15 lakhs |
Job Profile |
CA Average Salary |
Reliance Industries |
6.80-9 lakhs |
KPMG |
4-7 lakhs |
ICICI Bank |
6-8 lakhs |
The search for a CA includes several additional skill sets that a CA must possess in addition to tax and accounting management. The job profile at which a CA is hired affects their remuneration as well. The typical wage for the positions of CFO, Account Executive, Financial Controller, and Accountant is above Rs. 20 lakh per year, whereas the salaries for Account Assistant and Business Analyst are about Rs 10,000 per month.
The below table outlines Profile-Based Chartered Accountant Salary until 2022-
Job Profiles in Chartered Accountant |
Average Salary Per Annum |
Finance Officer |
35 lakhs |
Account Executive |
8.9-9 lakhs |
Accountant |
8.5-9 lakhs |
Finance Controller |
8.5-8.8 lakhs |
Finance Manager |
8.5-8.75 lakhs |
Chartered Accountant |
8.10-8.25 lakhs |
Financial Analyst |
8-8.2 lakhs |
Assistant Account Manager |
7-7.5 lakhs |
Senior Account Executive |
7-7.25 lakhs |
Senior Accountant |
7.25-7.35 lakhs |
Business Analyst |
7.25-7.35 lakhs |
Account Assistant |
7.10-7.25 lakhs |
The cost of living varies depending on where you live, thus every firm bases its compensation on the local demand and cost of living. Big cities have been found to provide better pay scales to cover the expense of living and keep the professionals needed to fulfil the rise in demand. While Jaipur and Ahmedabad are among the worst-paid cities with an average income of around 5 phases effect, Gurugram and Chennai give the greatest compensation to CAs with keeping the average wage over 8 lakhs.
The below table outlines Location-Based Chartered Accountant Salary until 2022-
City |
Average Salary Per Annum |
Gurgaon |
9.5 lakh |
Chennai |
8.50 lakh |
Mumbai |
11 lakh |
Delhi |
7 lakh |
Guwahati |
6.20 lakh |
Pune |
6 lakh |
Bangalore |
9 lakh |
The typical yearly compensation for a CA in India is between INR 8 and 9 lakhs and may go up to INR 50 to 60 lakhs. So, a CA may receive a salary of INR 60,000–70,000 per month. The top employers in India are the Big 4 and MNCs, who also offer the highest CA salaries in terms of monthly compensation. Your annual income might go up to INR 70 to 80 lakhs if you choose to work outside of India. But it takes a lot of effort and dedication to pass the CA examinations and receive big benefits.
The typical pay for a CA as an entry-level professional is between INR 4.5 L and 6 LPA. Some of the leading firms, including IBM, Ranbaxy, Sony, TCS, and Infosys, provide beginning packages between INR 20 L and 30 LPA. An experienced individual in this sector at any senior level earns INR 78 lakh - 2 Crore per year in salary.
ICICI BANK and PWC are the companies that pay CA professionals the most. The professional and competitive work atmosphere of firms that specialise in financial consulting, such PWC, Ernst & Young, Deloitte, and KPMG, draws many applications from CAs. Working with such companies offers the chance to investigate several more CA profile dimensions. Additionally, they provide the highest salaries in the sector.
The below table outlines the highest paying companies in India-
Employer |
Average Salary Per Annum (INR) |
Hindustan Unilever Ltd |
Rs.10-36 Lakhs |
Deloitte |
Rs.14-35 Lakhs |
ITC |
Rs.10-25 Lakhs |
Aditya Birla Sun Life |
Rs.13-28 Lakhs |
Tata Company |
Rs.10-22 Lakhs |
Bharti Airtel |
Rs.12-22 Lakhs |
SBI Bank |
Rs. 6-17 Lakhs |
The CA profession is qualified for benefits beyond salary, including another source of income. They also receive money via commissions, fees, and bonuses. The following are the three common sources of compensation for CA in India-
The following table shows the details of CA salary from other sources percentage-wise-
For Personal Use Only |
Revenue Source for Particular Practise |
CA's source of income |
Fees |
18% |
- |
Commission |
15% |
5% |
Bonus & Incentives |
5% |
10% |
Although CA income may vary from country to country, it is influenced by the quality of living and the worth of each nation's human resources. These are the major nations chartered accountant wage differences, as determined by the ICAI research-
Country |
Starting Salary (INR) |
Highest Salary (INR) |
India |
4.37 lakh |
20 lakh |
UK |
23 lakh |
61 lakh |
Australia |
30 lakh |
6.44 crore |
USA |
21 lakh |
2.01 crore |
Dubai |
54 lakh |
1.26 crore |
The following gives the details about the CA salary in big companies-
Pilot Salary in India 2024: Starting Salary, Requirements, Qualifications, Per Month Salary
By - Nikita Parmar 2024-09-06 10:59:22 , 6 min readAns. The average hourly pay for a CA in India is Rs 700, while the average monthly pay for a CA is Rs 55,000.
Ans. For freshers, the beginning CA pay in India is somewhere between 8 and 10 lakhs. There are no restrictions for qualified and experienced individuals.
Ans. For CA top scorers, salaries often range from 15 to 25 lakhs.
Ans. Around INR 4-5 lakhs is the highest CA salary in India every month. However, you might earn considerably more if you run your own business or agency.
Ans. Yes, there are many CAs who have opened their own firms or who are employed by large corporations and making thousands or even millions of dollars.
Ans. Yes, there are several chartered accountants in India who make in the millions of rupees, including CA Samir Shah, CA Ashwin Nair, and many others.
Ans. The average annual income for a CA in Mumbai is INR 8,80,000.
Ans. Chartered Accountants are among those with the highest salaries in India, along with data scientists, physicians, and investment bankers.
Ans. Krishna Mangalam Birla earns crores and is the highest-paid chartered accountant in the entire country of India.
Ans. For new hires, these companies often give salaries in the region of INR 6 to 8 lakhs. These companies pay Chartered Accountants up to INR 25 lakhs when they gain experience, based on their qualifications and abilities.