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Chartered Accountant or CA Salary in India 2024: Job Profile & description

A CA is a respected position in India. There are a number of chartered accountants who work in agencies. With the high demand for CA, the Chartered Accountant’s salary in India is also handsome. If you have enough knowledge of Commerce and an aptitude for math with enough understanding of topics like Accountancy, Economics, Taxation, Law, Business Studies, etc, then you may fit into the CA position. However, a few students who are educated in different courses have shifted streams to Chartered Accountants. The reason why CA salaries are high, because of its great demand.

A person who has passed the CA-Finals exam and has received the essential skills and experience may fit the CA job role and be able to earn a handsome CA salary in India per month.

Chartered Accountant Salary in India 2024

Chartered Accountant is one of the high-paying jobs in India. With a mean CA salary ranging between INR 8-15 lakhs for entry-level positions and experienced specialists commanding significantly better figures upwards of INR 25 lakhs or more, the earning capability remained promising. The salary slip of CA work abroad ranges more than 75 lakh per annum.

Per-Month of Chartered Accountant (CA) Salary in India 2024

In starting, the salary of CA per month is Rs 67,000. CA monthly salary will depend on their ranks in CA finals, job role, experience and company where they get a job.

Furthermore, fresher CAs who have cleared the exam on their first attempt get better salary packages of INR 12- 13 lakhs per annum. Moreover, the salary given to a CA topper in India is INR 15 to 25 Lakhs per annum.

The table given below shows the CA salary in India in 2024 

ParticularsSalary
CA Final cleared in lots of attemptsINR 8-9 Lakhs
CA Final cleared in 1st tryINR 12-13 Lakhs
CA Final ToppersINR 15-20 Lakhs

Also Read: Data analyst salary in India 2024 | SBI Clerk Salary in India 2024

Minimum Salary of Chartered Accountant (CA) in India 2024

The minimum salary of a more experienced  Chartered Accountant in India is around INR 3 to 4 lakhs per annum. Generally, applicants who’ve cleared the CA tests in multiple tries get these low salaries. However, with consistent efforts and overall performance, they are able to get a higher salary with time. However, it is suggested to CA to work hard and clear the CA tests on the first try and get a high salary in starting.  

Highest Salary of Chartered Accountant (CA) in India per month

The highest salary of a CA in India is 2-2.5 lakhs per month. It is given to candidates who topped the CA tests with an All India Rank. After getting experience and knowledge and improving skills, Chartered Accountants can earn up to 5 lakhs per month.

However, foreign groups additionally appoint CAs from India and offer remuneration of as much as INR 76 lakhs per annum. Furthermore, there are many chartered accountants in the country who have their own groups and are earning crores.

Skill Based Salary Of CA in India 2024

The profession of a CA is highly demanding because of its appealing salary. A CA’s salary is closely linked to their skill sets. Proficiency in financial accounting, cost control, effective communication, auditing, loss control, strategic making plans, evaluation, and keeping manage is critical for reaching a prestigious job profile and a handsome salary.

The table below shows the Chartered Accountants’ salary on the basis of their skills. 

SkillsAverage Annual Salary (Estimated)
Budget ManagementSeptember 11.5 lakhs
Strategic Accounts8-9 lakhs
Evaluation and Management Auditing8-9 lakhs
Financial Analysis7-8.5 lakhs
Financial Advisor8-8.5 lakhs
SAP Financial Accounting and Controlling7.5-8.5 lakhs
Financial reporting7-8.5 lakhs
Auditing7.5 lakhs
Account Management6-7 lakhs
Internal Audit6-7 lakhs
Accounting6-7 lakhs
Tax Consulting6-7 lakhs
Tax Compliance6-7 lakhs

Experience based CA salary in India

Along with your skill, experience also matters to calculate your value to the company. The experience of candidates determines the CA salary per month. 

The starting salary of a CA is an average of 7 lakh per annum, whereas a CA with experience of more than 10 years is paid more than 20 lakh per annum. With continuous practice and experience, you get good recognition and goodwill in the industry and might set up a good logo for yourself.

Year of experienceCA Salary according to annum (Avg)
0-57 lakhs
5-1012 lakhs
10-2020 lakhs
Above 2050-70 lakhs

Also Read: Experience based Pilot Salary in India 2024 | Experience Based Software Engineer Salary in India 2024

CA Salary in India 2024: On Basis of Job Profile

A chartered accountant’s understanding goes beyond simply numbers and taxes. They have a deep understanding of various vital factors needed to ensure business success. A Chartered Accountant might work as a Finance Manager, Account Executive, Financial Controller, or maybe a CFO.

The salary they earn can vary primarily based on the job role they’re employed for. So, their salary relies on the position they take in a business.

The table below shows the Chartered Accountant’s salary based on their job profile.

Job ProfileSalary
Finance Officer30-25 lakh
Account Executive20-25 lakh
Accountant20-25 lakh
Finance Controller18-19 lakh
Finance Manager9-10 lakh
Chartered Accountant7-7.25 lakh
Financial Analyst5 – 6 lakh
Assistant account manager4 – 5 lakh
Senior Account Executive3 – 4 lakh
Senior Accountant3 – 5 lakh
Business Analyst3 – 4 lakh
Account Assistant1.75-2 lakh

Also Read: Pilot Salary in India 2024 & Profile Job | SSC Stenographer Salary in India 2024 & Job Profile

CA Salary in India 2024: Based On City, They are Recruited

The salary of a Chartered Accountant (CA) is also based on where they get a job. People in large cities receive a commission more than people who live in small cities.

Here is a table that shows the average Chartered Accountant Salary in exclusive cities.

Name of cityAverage Annual Salary (INR)
Mumbai11 L
Bangalore9 L
Gurgaon9.5 L
Chennai8.50 L
Delhi7 L
Guwahati6.20 L
Pune6 L

High Paying Employers to CA in India

The high-paying organizations for CA professionals are ICICI BANK and PWC. The working environment in groups like PWC, Ernst and Young, Deloitte and KPMG is expert and competitive and draws a lot of applications from CA. Working with such firms offers the possibility to explore many other dimensions of the CA profile. They are also the top-paying employers In the industry.

EmployerCA Salary per annum (Avg)
Reliance IndustriesRs. 25-45 Lakhs (Highest)
Hindustan Unilever LtdRs. 10-36 Lakhs
DeloitteRs. 14-35 Lakhs
KPMGRs. 14-32 Lakhs
Aditya Birla Sun LifeRs. 13-28 Lakhs
ICICI BankRs. 11-27 Lakhs
ITCRs. 10-25 Lakhs
TATA corporationRs. 10-22 Lakhs
Bharti AirtelRs. 12-22 Lakhs
SBI BankRs. 6-17 Lakhs

Chartered Accountant Remuneration through Different Basic Sources in India

Along with salary, CA also gets paid commission, fees and bonuses from different sources.

  • Fees

Fees are what a CA is entitled to receive after providing his consultant service on handling data or company accounts. 

  • Commission

When a CA assists his company to get rid of financial glitches like disapproval of loans, making accounts for the merger, and showing accurate books to attract buyers, he receives a commission salary over the services he offers. This type of salary is earned by the person and company concerned with coping with the finances of other organizations.

  • Bonus

When a CA expert works especially well in their field, they acquire a bonus in the form of benefits.

For character practiceSource of salary for the servicesSource of salary of CA employed
Fees80%
Commission15%5%
Bonus and incentive5%10%

Now you get all of the information about how much amount a Chartered accountant earns annually, CA salary in India per month and the highest salary of CA in India.

How Can You Earn a High CA Salary in India?

If you also want the highest-paid CA jobs in India, then here are the best tips you should follow 

  • Get a High Rank in CA Exams

If you get a high rank on your CA Final tests, your chance of getting an excellent annual salary increases. Chartered Accountants with an All India rank in CA Final tests get a salary of INR 20 to 25 lakhs per annum. Apart from that, you may even apply for jobs in large agencies and the top 4 firms.

  • Clear CA exam in Fewer Attempts

If a candidate gets an All India rank and however clears the CA exam in one or two tries, he can earn a very good monthly salary. Based on the recruitment insights of the top CA firms in India, chartered accountants will get a salary of 14 to 15 lakh rupees with fewer tries. You can apply for jobs inside the Big 4 firms and different CA companies. Moreover, you could also go for government businesses/PSUs, as they shortlist applicants based on CA exam tries.

  • Master Financial Accounting and Analysis

As a CA, your important role may be to control the financial books and prepare budgets and statements. So, look at how the financial statements are recorded and managed and the way to examine them to get valuable insights. To do this, you could enroll in online guides from mentors. Furthermore, you can also get help from enterprise specialists to analyze their way of excelling in work.

  • Learn Microsoft Excel

Every CA should have a very good command of Microsoft Excel because it could be useful in recording, managing and analyzing financial data. Moreover, many groups have made it obligatory for the CAs to have a basic understanding of Excel. So, to analyze Excel, you can use online publications and use them in your daily obligations.

  • Join a Good Firm

Your CA experience will play a critical position in determining your salary in the starting years. Therefore, we advise all the students to join a reputed corporation and work harder. Do no longer pass it or cross for a short time. Your experience will provide you with a higher edge over other applicants.

  • Make Your Communication Skills Strong

Good verbal exchange competencies imply your capability to present your thoughts at conferences. If you speak properly, it will assist in your interviews to get shortlisted. It may even assist you to benefit promotions in the long run. 

  • Locality of Service

The city or country in which you’re working will also have an impact on your salary. Some tier 1 towns offer the best CA programs, including Mumbai and Delhi, while the salary is low in tier 2 towns, which include Jaipur and Ahmedabad. So, it is a great idea to select an enterprise positioned in metro (tier 1) cities.

Conclusion 

The chartered accountant’s salary in India varies based on their role and the hiring company. If you work in a public quarter, you experience constant working hours and reduce stress tiers. On the other hand, being a CA in an MNC can bring about a handsome salary.

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