Salary Graph of a CA in India
Chartered Accountancy is the most prestigious career option for aspirants from the commerce background. Becoming a chartered accountant is a dream of many students and when it comes to money, CA’s are living a quite amazing life in the country like India. Let’s read what is the average CA salary in India and how does that vary from CA to CA.
Salary Scope and Growth of CA in India
The Chartered Accountant (according to survey in 2018) is, paid the average hourly salary of Rs 500 (ranging from min of Rs 150 to Rs 2000 ) monthly average salary Rs 55000(ranging from min of Rs 10000 to 1,50,000).
Scope for salary
You can differentiate the salary package on the basis of skills, profile, experience, location for CA professionals.
CA Salary in India: On the Basis of skills
CA needs the basic three skills to serve their clients. They are gauged and paid according to their analytical, compliance and reporting skills. In industry, skills like budget management, strategic accounting, management auditing, financial analysis and controlling and financial reporting are highly paid skills with avg salary more than 8 lakhs per annum. And tax compliance and tax consulting are lower paid skills with avg salary paid of 7 lakhs p.a.
All those professional who possesses and polishes their skills in different dimension earns more remuneration ranging around 25 lakh per year.
Table showing Chartered accountant salary in India on the basis of skills
|Skills||Avg..salary p.a||Growth expected in 2019|
|Budget management||9.5-11 lakhs|
|Strategic accounts||8.9- 9 lakhs|
|Evaluation and management auditing||8.5-9 lakhs|
|Financial analysis||8.5- 8.8lakhs|
|SAP financial accounting and controlling||8.10-8.25lakhs|
CA Salary in India: Basis of experience
Along with your skill, experience also matters to calculate your cost to the company. The practical experience has a lot of relevance in determining the chartered accountant salary, but along with experience your zeal to update and learn, add more worth to your experience.
The starting salary of ca fresher is at an average of 7 lakh per annum whereas CA with experience of more than 10 years is paid more than 20 lakh per annum. With continuous practice and experience, you set a good reputation and goodwill in the industry and can establish a good brand for yourself.
Chartered accountant salary in India on the basis of experience
|Year of experience||Avg..salary p.a|
|Above 20||50-70 lakhs|
CA Salary in India: on Basis of a profile
The hunt for CA is not only for someone to take care of tax and accounts, but they demand various other skill sets which a CA possess. The salary of CA also varies with the job profile at which they are recruited. The profile for CFO, Account Executive, Financial Controller, and Accountant enjoy avg.salary above 20 lakh per year, whereas Account assistant and Business Analyst are paid approximately Rs 10k per month.
Chartered accountant salary in India on the basis of job profiles
|Jobs profile||CA Salary per annum (Avg)||Growth expected in 2019|
|Finance officer||35 lakh|
|Account executive||25 lakh|
|Finance controller||19 lakh|
|Finance manager||10 lakh|
|Chartered accountant||7.25 lakh|
|Financial analyst||6 lakh|
|Assistant account manager||5 lakh|
|Senior account executive||4 lakh|
|Senior Accountant*||3.5 lakh|
|Business analyst||4 lakh|
|Account assistant||2 lakh|
CA Salary in India: on Basis of the City where they are Recruited
The location where you reside has its effect on the cost of living, hence every company pay according to the demand and living cost of a particular location. It has been found big cities pay a better scale to meet the cost of living and retain the professional to meet the increase in demand for services offered by CA. Gurugram and Chennai pay the highest salary to CA with keeping the average slab above 8 lakhs, where Jaipur and Ahmedabad are among the lowest paid cities with avg. salary of around 5 lakhs.
Chartered accountant salary per month on the basis of the location where you reside
|City||CA Salary per annum (Avg)||Growth Expected|
|Guwahati||6 20 lakh|
High paying employers to CA in India.
The highest paying company to CA professional is ICICI BANK and PWC( PricewaterhouseCoopers). The working environment in companies which are exclusively involved in financial consultancies such as PWC, Ernst, and Young, Deloitte and KPMG is professional and competitive and attract a lot of application from CA. Working with such firms gives the opportunity to explore many another dimension to the CA profile. They are also the top paying employers In the industry.
Highest salary of ca in India
|Employer||CA Salary per annum (Avg)|
|ICICI Bank||12 lakh|
|Ernst and young||8 lakh|
We hope this article will be useful to our readers.
A candle loses nothing by lighting other candles, It just gives a better and brighter place to stay”.
COMMENT on your CTC as CA along with your company name and help your Scion to choose the right path”
We wish you all the best for the future!