Being aChartered Accountant (CA)is a respected job in India, and Chartered Accountant Salary packages in India are highly impressive. CAs can work for themselves or companies and make good money.
Becoming aChartered Accountantrequires a sound grasp of commerce, strong mathematical affinity, and proficiency in Accountancy, Economics, Taxation, Law, and Business Studies.
Many individuals from diverse backgrounds transition to this role due to the high demand and attractive remuneration. Individuals can anticipate an impressive monthly income after successfully completing theCA Finalsand gaining essential skills and experience. If you are wondering about CA salary packages inIndia, this article is beneficial for you to read till the end.
The chartered accountant salary in India varies based on their role and the hiring company. If you work in the public sector, you enjoy fixed working hours and lower stress levels. On the other hand, being a CA in an MNC can result in a higher income. While government firms may not offer high salaries, they compensate with excellent benefits for chartered accountants.
Chartered Accountant Salary Packages in India
How much money a CA makes depends on where they work. If they work for the government, they might have regular hours and less stress. But they could make more money if they work for a big company. Even though government jobs might not pay as much, they have good benefits for CAs.
The Chartered Accountant Salary in India is based on how good they are at their job and their experience. Here are some examples of how much they can make. Check out the estimated average CA salary package in India in the table below:
| CA Salary Package India | |
| Particulars | Estimated Salary |
| CA final rankers | Rs 15-25 LPA |
| Cleared CA finals in single attempt | Rs 11-15 LPA |
| CA salary for freshers | Rs 6-9 LPA |
| Lowest total CA Salary Package India | Rs 3-4 LPA |
| Highest total CA salary for freshers in India | 2-2.5 lakhs per month |
| Highest total CA salary for experienced in India | 5 lakhs per month |
A Chartered Accountant’s income is influenced by their skills, capabilities, and experience. Let’s explore the various CA Salary Packages in India.
Entry-Level Package:
For beginners, the minimum annual salary for a CA in India is around INR 3 lakhs. This serves as a solid starting point, especially for fresh graduates. However, those who excel in the CA Final Examination or have established a strong professional reputation may secure a higher initial salary.
Top-tier Package:
The pinnacle of CA salaries often comes with international postings, where CAs can earn up to INR 76 lakhs annually. This represents a significant opportunity for those seeking substantial financial rewards in their career.
Mid-range Packages:
For CAs opting for an International Posting, the salary typically ranges between INR 9-18 lakhs per annum. In the public sector, CAs can expect to receive INR 10-20 lakhs annually, while major Indian businesses offer packages ranging from 6-9 lakhs per year.
Lower-tier Package:
Smaller companies in India may offer a starting salary of around INR 3 lakhs per annum to Chartered Accountants in exchange for their services.
Average CA Salary in India:
According to the ICAI’s placement report, the average salary for a Chartered Accountant in India is reported to be in the range of INR 7-8 lakhs per annum. This provides a general overview of the income potential for CAs in the country.
CA Salary in Other Countries
Check the table below for a comprehensive overview of a Chartered Accountant salary in various countries, presented in their respective currencies.
| CA Salary in Other Countries | |||||
| Country | Fresher | Experience (4-5 years) | Lowest Total Salary | Highest Total Salary | Average Base Salary |
| USA | $51.1k | $78.7k | $28k | $267k | $80k |
| Dubai | AED 100k | AED 121k | AED 27k | AED 616k | AED 119k |
| UK | £28.4k | £32.2k | £24k | £62k | £ 35.9k |
| India | ₹698.3k | ₹744.3k | ₹437k | ₹2m | ₹797.6k |
| Australia | AU$ 74.1k | AU$64.1k | AU$54k | AU$113k | AU$ 70.9 |
Chartered Accountant Salary By Big 4 Auditing Firms
The Big 4 accounting firms, namely Klynveld Peat Marwick Goerdeler (KPMG), PriceWaterhouseCoopers (PWC), Ernst & Young (EY), and Deloitte, are widely recognized in the industry. Landing a job at one of these firms is a significant achievement for Chartered Accountants (CAs) due to the valuable experience and learning opportunities they provide.
For entry-level CAs, the annual salary offered by the Big 4 ranges from INR 6 to 8 lakhs. Those with 4-5 years of experience can expect a higher Chartered Accountant salary of INR 23 lakhs per annum.
Many CAs choose to stay with the Big 4 initially, as the potential for substantial income growth becomes apparent after five years. After gaining valuable experience, some CAs opt to start their own practices.
| CA Salary By Big 4 Auditing Firms | ||
| Big 4 auditing firms | Least salary in dollars | Highest salary in dollars |
| Deloitte LLP | 45, 000 | 60,000 |
| PricewaterhouseCoopers | 48,000 | 68,000 |
| Ernst & Young | 40,000 | 63,000 |
| KPMG | 46,000 | 62,000 |
CA Salary Package Based on Candidates’ Experience
Companies hiring Chartered Accountants focus on the years of experience a CA has. In India, a CA who has worked for at least 10 years qualifies for a salary of INR 30 Lakhs per year.
The remuneration is determined by the total years of work, the nature of tasks performed during that time, and the companies of previous employment. The table below shows theChartered Accountant salaryaccording to various years of experience.
| CA Salary Package Based on Experience | |
| Experience in years | Average Annual salary in lakhs |
| 0-5 | 7 |
| 5-10 | 12 |
| 10-20 | 20 |
| 20 and more | 50-70 |
Chartered Accountant Salary Based on Candidates Skills
The profession of a CA is highly sought-after due to its attractive salary. A CA’s compensation is closely linked to their skill set. Proficiency in financial accounting, budget management, effective communication, auditing, risk management, strategic planning, analysis, and maintaining control is essential for achieving a prestigious job profile and a rewarding salary.
The table below shows the Chartered Accountant salary based on their unique skills.
| CA Salary Package India Based on Skills | |
| Skills | Average Annual salary (Estimated) |
| Budget Management | 9-11.5 lakhs |
| Strategic Accounts | 8-9 lakhs |
| Evaluation and Management Auditing | 8-9 lakhs |
| Financial Analysis | 7-8.5 lakhs |
| Financial Advisor | 8-8.5 lakhs |
| SAP Financial Accounting and Controlling | 7.5-8.5 lakhs |
| Financial reporting | 7-8.5 lakhs |
| Auditing | 7.5 lakhs |
| Account Management | 6-7 lakhs |
| Internal Audit | 6-7 lakhs |
| Accounting | 6-7 lakhs |
| Tax Consulting | 6-7 lakhs |
| Tax Compliance | 6-7 lakhs |
CA Salary Based on Candidate Job Profile
A Chartered Accountant’s expertise goes beyond just numbers and taxes. They have a deep understanding of various important aspects needed to make a business successful. A Chartered Accountant might work as a Finance Manager, Account Executive, Financial Controller, or even a CFO.
The salary they earn can vary based on the specific job they’re hired for. So, their pay could be different depending on the role they take up in a company. The table below shows the Chartered Accountant salary based on their job profile.
| CA Salary Package India Based on Job Profile | |
| Job Profile | Salary |
| Finance Officer | 30-25 lakh |
| Account Executive | 20-25 lakh |
| Accountant | 20-25 lakh |
| Finance Controller | 18-19 lakh |
| Finance Manager | 9-10 lakh |
| Chartered Accountant | 7-7.25 lakh |
| Financial Analyst | 5 – 6 lakh |
| Assistant account manager | 4 – 5 lakh |
| Senior Account Executive | 3 – 4 lakh |
| Senior Accountant | 3 – 5 lakh |
| Business Analyst | 3 – 4 lakh |
| Account Assistant | 1.75-2 lakh |
Chartered Accountant Salary Based on Sectors
A Chartered Accountant (CA) doesn’t only work in private companies; they also have opportunities in government organizations. They can be employed in different places like ministries and banks. Here is a table showing the average salary of CAs in both public and private sector companies. The table below shows the Chartered Accountant salary based on the sector in which they are working.
| CA Salary Package – Public Sector | |
| Public Sector Companies | Average Annual Salary (INR) |
| State Bank of India | 7 L – 18 L |
| SAIL | 8 L – 14 L |
| GAIL | 7 L – 17 L |
| Ministry of Finance | 6 L – 15 L |
| CA Salary Package – Private Sector | |
| Private Sector Companies | Average Annual Salary (INR) |
| KPMG | 4 L – 7 L |
| ICICI Bank | 6 L – 8 L |
| Reliance Industries | 6.80 L – 9 L |
Chartered Accountant Salary Based On City
Where you live is really important for how much a Chartered Accountant (CA) earns. People in big cities get paid more than those who live in the areas outside the city. Here is a table that shows the average Chartered Accountant Salary in different cities.
| CA Salary Package India – City Wise | |
| Name of city | Average Annual Salary (INR) |
| Mumbai | 11 L |
| Bangalore | 9 L |
| Gurgaon | 9.5 L |
| Chennai | 8.50 L |
| Delhi | 7 L |
| Guwahati | 6.20 L |
| Pune | 6 L |
CA Salary Package Based On Country
Besides India, many people in Dubai and Australia also choose to become Chartered Accountants (CAs). Here is a table that shows the lowest and highest salaries for CAs in different countries.
| CA Salary Package India – Country Wise | ||
| Name of country | Starting Salary (INR) | Highest Salary (INR) |
| Dubai | 54 L | 1.26 Crore |
| Australia | 30 L | 6.44 Crore |
| UK | 23 L | 61 Crore |
| India | 4.37 L | 20 Crore |
| USA | 21 L | 2.01 Crore |
Strategies for Highest Chartered Accountant Salary
The strategies CA can adapts to achieve highest salary in India includes:
- Qualification:Obtain a Chartered Accountant (CA) qualification from a reputed institute.
- Skill Diversification:Develop expertise in tax, auditing, financial analysis, and other key areas.
- Experience:Gain practical experience through internships and job roles in finance or accounting.
- Certifications:Pursue additional certifications like CFA, ACCA, or CIMA for a competitive edge.
- Networking:Build a strong professional network within the finance and business sectors.
- Specialization:Focus on niche areas like international taxation or forensic accounting.
- Continuing Education:Stay updated with evolving financial regulations and practices.
- Industry Knowledge:Understand specific industries to provide tailored financial advice.
- Consulting:Offer consultancy services to businesses for better financial management.
- Soft Skills:Develop communication, leadership, and problem-solving skills for career growth.
List of Top CA Recruiting Companies In India
- KPMG India Services LLP
- Deloitte Haskins & Sells LLP
- PricewaterhouseCoopers International Limited
- ITC
- Reliance Industries
- SAIL
- Ernst. & Young
- GAIL
- TATA Consultancy Services Ltd.
- National Buildings Construction Corporation Limited
- BAJAJ Finserv Ltd.
| Related Links | |
| CA Exam Pattern 2024 | CA Exam Date 2024 |
| CA Syllabus 2024 | CA Notes |
| CA Registration 2024 | CA Eligibility Criteria 2024 |
| CA Exams 2024 | CA Course |
Chartered Accountant Salary In India FAQs
What is the average salary of a Chartered Accountant (CA) in India?
The average salary of a CA in India varies based on experience and location, but it's generally around ₹6-9 lakhs per annum for freshers and can go up to ₹20-25 lakhs per annum for experienced professionals.
Do CA salaries differ across different cities in India?
Yes, CA salaries can vary significantly based on the city. Metro cities like Mumbai, Delhi, and Bangalore generally offer higher salaries due to higher living costs and increased business activities.
Are there any certifications that can boost a CA's salary?
Yes, additional certifications like CISA (Certified Information Systems Auditor), CMA (Certified Management Accountant), and ACCA (Association of Chartered Certified Accountants) can enhance a CA's earning potential.
Are there any industries that offer higher salaries for CAs?
CAs are in demand across various industries, but sectors like finance, consulting, and multinational corporations generally offer higher salaries due to the complexity of their financial operations.
How does the type of firm (Big 4 vs. mid-size) affect CA salaries?
Big 4 firms usually offer higher salaries compared to mid-size firms due to their global presence and the complexity of their projects.
