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Chartered accountant – CA Salary in India: Monthly Salary, Average Salary, Highest-Paying Firms, Annual Compensation

Chartered accountant – CA Salary in India: Monthly Salary, Average Salary, Highest-Paying Firms, Annual Compensation

CA Salary in India

The salary of a Chartered Accountant (CA) in India can vary depending on several factors such as experience, skills, location, employer, and job responsibilities. However, I can provide you with a general idea of the salary range for CAs in India based on the information available up until my knowledge cutoff in September 2021.

For a newly qualified CA or someone with less than a year of experience, the salary typically ranges from ₹6 lakh to ₹10 lakh per annum. This can vary based on the city and the size of the organization.

With 1-3 years of experience, the salary for CAs in India usually ranges between ₹10 lakh and ₹15 lakh per annum.

For CAs with 3-5 years of experience, the salary range can go up to ₹15 lakh to ₹25 lakh per annum. Again, these figures are approximate and can vary.

As the experience and expertise of a CA increases, along with their ability to take on more responsibilities and manage larger teams, their salary can increase significantly. Senior-level CAs with more than 5-10 years of experience can earn salaries ranging from ₹25 lakh to ₹50 lakh per annum or even higher.

CA Salary in India based on Skills

Experience LevelSkills/ExpertiseSalary Range (per annum)
Entry-levelBasic accounting skills6 lakh – 10 lakh
Taxation6 lakh – 12 lakh
Auditing8 lakh – 12 lakh
Mid-levelFinancial analysis10 lakh – 15 lakh
Cost accounting10 lakh – 15 lakh
Risk management12 lakh – 18 lakh
Senior-levelStrategic planning15 lakh – 25 lakh
Merger and acquisition18 lakh – 30 lakh
International taxation20 lakh – 35 lakh
Leadership skills25 lakh and above

Chartered Accountant (CA) Salary in India based on Experience

Experience LevelSalary Range (per annum)
Entry-level6 lakh – 10 lakh
1-3 years10 lakh – 15 lakh
3-5 years15 lakh – 25 lakh
5-10 years25 lakh – 50 lakh
10+ years50 lakh and above

Chartered Accountant (CA) Salary in India based on different Sector

    a. Public Sector CA Salary in India

Job Profile CA Average Salary 
SAIL8-14 lakhs
GAIL7-17 lakhs
State Bank of India7-18 lakhs
Ministry of Finance6-15 lakhs

    b. Private Sector CA Salary in India

Job Profile CA Average Salary 
Reliance Industries6.80-9 lakhs
KPMG4-7 lakhs
ICICI Bank 6-8 lakhs

CA Salary in India: Based on Profile

Job ProfileSalary Range (per annum)
Entry-level Accountant4 lakh – 8 lakh
Tax Consultant6 lakh – 12 lakh
Audit Associate6 lakh – 12 lakh
Financial Analyst8 lakh – 15 lakh
Cost Accountant8 lakh – 15 lakh
Managerial Accountant10 lakh – 20 lakh
Tax Manager12 lakh – 25 lakh
Audit Manager12 lakh – 25 lakh
Finance Manager15 lakh – 30 lakh
Chief Financial Officer (CFO)25 lakh and above
Partner in a CA Firm30 lakh and above
Consultant or Advisor (Self-Employed)Varies widely based on clientele and expertise

CA Salary in India: Based on Location

CityAverage Salary Per Annum 
Gurgaon9.5 lakh
Chennai 8.50 lakh
Mumbai11 lakh
Delhi7 lakh
Guwahati6.20 lakh
Pune6 lakh
Bangalore9 lakh

Highest Paying Companies in India for CA

EmployerAverage Salary Per Annum (INR)
Hindustan Unilever LtdRs.10-36 Lakhs
DeloitteRs.14-35 Lakhs
ITCRs.10-25 Lakhs
Aditya Birla Sun LifeRs.13-28 Lakhs
Tata Company Rs.10-22 Lakhs
Bharti AirtelRs.12-22 Lakhs
SBI BankRs. 6-17 Lakhs

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The following table shows the details of CA salary from other sources percentage-wise-

For Personal Use OnlyRevenue Source for Particular PractiseCA’s source of income
Fees 18%
Commission 15%5%
Bonus & Incentives5%10%

CA Salary in India vs Different Countries

Country Starting Salary (INR)Highest Salary (INR)
India4.37 lakh 20 lakh
UK23 lakh61 lakh 
Australia30 lakh6.44 crore
USA21 lakh2.01 crore
Dubai54 lakh 1.26 crore 

FAQs

Q: What is the average starting salary for a Chartered Accountant in India?

A: The average starting salary for a Chartered Accountant in India ranges from ₹6 lakh to ₹10 lakh per annum. However, it can vary based on factors like location, employer, and skills.

Q: How much does a CA earn with 3-5 years of experience?

A: With 3-5 years of experience, a Chartered Accountant in India can earn a salary ranging from ₹15 lakh to ₹25 lakh per annum. However, this can vary depending on various factors.

Q: What is the salary range for senior-level CAs in India?

A: Senior-level CAs in India with more than 5-10 years of experience can earn salaries ranging from ₹25 lakh to ₹50 lakh per annum or even higher, depending on factors like skills, expertise, and the organization.

Q: Can CAs earn higher salaries in specific industries?

A: Yes, CAs can earn higher salaries in certain industries such as consulting, investment banking, financial services, multinational corporations, and large accounting firms. These sectors often offer competitive salary packages for experienced CAs.

Q: Do CAs working in metro cities earn higher salaries?

A: Generally, CAs working in metro cities like Mumbai, Delhi, Bangalore, and Chennai have the potential to earn higher salaries due to factors such as higher living costs and increased demand for skilled professionals in these areas.

Q: How can a CA increase their earning potential?

A: CAs can increase their earning potential by gaining specialized skills, such as financial analysis, risk management, or international taxation. Obtaining additional certifications like CFA (Chartered Financial Analyst) or pursuing advanced degrees like an MBA can also enhance earning prospects.

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