CA Salary in India: Chartered Accountant Monthly Earnings | CAwizard (2024)

Get Rank in the CA Exams

If you get a rank in the CA Examination, then your chances of getting high packages will automatically be increased. That means after holding a rank in CA Exams if you are picked up by a top company then your starting salary of CA will easily be up to 20-25 lacs p.a. However, if you have other skills besides holding a rank then chances of increments are there in your salary.

Have Knowledge

Knowledge is the key to any lock. If your concepts are clear, and you have a command of your subjects then obviously, your chances of getting selected with the higher packages are always high. High packages do not mean that your initial salary as a fresher is high. But if you get a job with some MNCs or top firms then your chances to grow in a few years become easier.

Less Number of Attempts

Yes, friends, this is true. The number of attempts matters in getting a wonderful job unless you don’t have a superb reference. You will get shortlisted for big firms like KPMG, Deloitte, EY, PWC, or other Top CA Firms only if you are passed out in hardly two or three attempts. You will get a chance to prove yourself in the interview only if get shortlisted first. But PSUs shortlist the candidates even after the number of attempts. So, if you want to work with BIG 4 or other Top CA Firms then try to get clear your CA Final on the very first attempt. It will also increase your package. find out what common mistakes students make.

High Marks in your Final Examination

Marks obtained at your every level matter but how far most considerable marks in getting a good job with a higher package are which you obtained in CA Final. Because you would not be able to clear CA Final unless your concepts are clear. It is an advanced level of CA Foundation (CPT) and CA Intermediate (IPCC)and CA Final whatever you have learned in CPT, IPCC or Practical Training helps you in clearing the Final. And as I already told you that PSUs select the candidates even after the number of attempts, so selection and package will be on the basis of marks you obtained even after a number of attempts.

Good Communication Skills

Yep!! Good Communication Skills help in influencing the interviewer. It boots up your impression in the interview. So, basically, once you are shortlisted, your way of presenting yourself through your excellent communication skills helps in attaining a good salary package in India.

Good Practical Training Experience

Many of the students go for dummy Articleship to clear their CA Final on the very first attempt. But what they lack in doing this, is the experience which they could have gained from the practical training. If you think that your concepts are clear and you can easily crack the interview then let me warn you, friends, that interviewer in front of you will be an experienced guy. Not more than 10 minutes he will need to judge your practical training experience. You can be shortlisted for the interview on the basis of the marks you obtained but then… In the interview, your experience will speak. Students can also enroll themselves for the Articleship training in some of the big CA firms in India and can get paid a stipend of Rs 20,000 around. These companies also pay the highest salary to their employees also.

Types of the Profile

The salary differs on the type of profile. Whether you are appointed for Finance, Audit Deptt, Direct, and Indirect Tax Consultants, Banks, etc. Average salary packages are

1. 1. Audit Firms – In this area your salary varies from 4-7 lacs.
   2. Finance and Accounts profile – Here salary fluctuations are generally high. Range from 5-10 lacs.
   3. Internal Auditor – If you are appointed an Internal Auditor in a company then starting salary of a CA ranges from 6 – 8 lacs.
   4. Banks – Appointed by some banks like HDFC, ICICI, etc the starting salary of a CA in India will be from 5 – 6.5 lacs.

Locality

The area of the city where you want to do the job matters. In the developed and metro cities you can easily get an average salary of 7 – 10 lacs like Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Gurgaon. But in other cities, it is a bit difficult task.

These are some of the basic factors which have a major impact on your salary packages. Now let’s move ahead towards the top Firms which hired the maximum number of Freshers.

Chartered Accountants (CA) Salary in Big Companies in India

BIG 4 (EY/Deloitte/PWC/KPMG)

No doubt, BIG 4 is one of the leading firms in India which hires maximum CA freshers after every attempt. You will get good exposure to working with these firms. Salary and other initiatives are also very high. Although it is a dream of every student pursuing a CA to work with BIG 4. Salary offered by CA Firms in the BIG 4 differs on the basis of Job Profile. Most of the CA Freshers are hired in the Audit Section. It handles a large amount of CA work from all over India. On an average basis fresher working in a BIG 4, CA Firms are paid around 12 Lakhs p.a to whopping 25 Lakhs p.a. The salaries decided by the companies vary on different factors.

PSU’s

As we have already discussed that PSU shortlists the candidates even after a number of attempts but the criteria of their shortlisting is marks. Some PSUs like ONGC, HPCL, BSNL, etc. They offer a high salary package in comparison to CA Firms. Their range generally fluctuates from 6-15 lacs. The base for your selection after getting shortlisted will always depend on your performance in your interview.

IT Companies

Companies like Infosys, Wipro, Microsoft, etc recruit a number of CA candidates. They have a complete full-fledged audit team. The salary of CA IT Companies generally varies from 7 – 10 lacs rupees p.a.

Manufacturing Companies

These are the most preferable concerns with which a fresher CA is advisable to start the career. Maybe you don’t start with a dream package in these companies but your growth and exposure are unlimited. Manufacturing Companies like TCS, MRF, Vedanta, etc hire fresher CA’s on an average salary of 7 – 11 lacs p.a.

Banks

Banks heirs a number of CA candidates. They have various job profiles for the fresher Chartered Accountant. Banks like ICICI, HDFC, etc generally offer a salary ranging from 5-10 lacs.

Indian CA Firms

Many Indian CA firms recruit CA candidates to handle their office work. They also get the benefit of appointing Chartered Accountants as their number of audits increases by recruiting the number of CA. Top CA Firms in India are Haribhakti & Co., Singhi & Co., Chaturvedi & Shah etc.

International Companies

These companies hire Chartered Accountants for their international branches. The salary packages listen to be very high but the actual cash in hand is comparatively low. In the 2016 campus placement the Ashutosh Agarwal was offered the highest package of 76 lacs in Olam International but the base salary is comparatively very low.

Also, Check CMA Salary in India

Chartered Accountant Salary in India 2022

CA Starting Salary in India

The CA salary for freshers in India is based on their skills and knowledge. Freshers who pass the exam according to the following criteria will be paid accordingly;

CA Salary in India on the Basis of Skills 2022

If Chartered Accountant possesses skills like Auditing, Budget Management, Strategic Management, Financial Analysis, Controlling, etc. They are paid according to their Skills. Here is the table showing CA’s Average Salary in India per annum according to their Skills.

CA Salary in India on the Basis of Experience-CA Salary 2022

When Chartered Accountants are appointed, along with relevant skills Companies also see CA’s experience, in which company they have worked before, in which field he/she has experience. Under-mentioned is CA Salary in India per year based on experience.

Salary of Chartered Accountant in India on the Basis of Job Profile

There is a various post in the country which needs a Chartered Accountant more than the knowledge of Accounts and Taxes. Various people with a good education profile in the country apply for the higher position of the Job. The Job profile of CFO, Account Executive, Finance Controller, and Finance Manager enjoy good salaries with the packages of Rs. 20 Lakhs per annum. Below is the list of Annual CA’s highest Salary in India based on Job Profile 2022.

Chartered Accountant Salary in India on the Basis of City

It is always said the city in which you are working decides the pay scale. Every company pays salaries to its employees depending on the pay scale of a particular city. Following these criteria, it is obvious that the big and developed cities in India pay good perks since the living standard in developed and metropolitan cities is higher. In India cities like Bangalore, Gurgaon, Bombay, and Kolkata pay the highest salary to Chartered Accountants in India. On average in a developed city the monthly salary of a Chartered Accountant can go up from 1 Lakhs per annum to 1.5 Lakhs.

Highest Paying Companies to CA in India

India is also started getting reorganization from some of the best companies. To handle the large accounts and auditing of these companies a good number of financial managers and Chartered Accountants are required. Some people still thought that only the BIG 4 firm pays a good paycheck to their employees but it is not true. Below are some of the highest-paid CA in India payers. Working with these companies is the dream of a lot of people, employees get the opportunity to explore themselves to the best possible Possible level.

Chartered Accountant Remuneration Through Other Basic Sources In India

Fees

Fees are what a ca is entitled to receive after rendering his consultant service on managing individual or firm accounts. The CA practicing individually, a major source of income is Fees.

Commission

When a ca helps his client to sort out financial glitches like disapproval of loans, preparing books for the merger, and showing good books to attract investors, he is offered commission income over the solution he offers. This kind of income is earned by individuals and firms involved in handling the finance of other companies

Bonus

When CA professionals work exceptionally well in their field they receive the incentive in a form of a bonus.

CA Salary in India 2023 From another source

Now, let’s talk about practicing CA’s. Friends, there is always a limitation to growing when you are doing a job but starting your practice gives you unlimited exposure and growth. This allows you to prove yourself. However, the beginning is always tough in practice but the journey is always beautiful. Lots of challenges came across in your path and you should be ready to face them. This is a true test of your knowledge, INTELLIGENCE, hard work, management, etc. But there is always a risk of failure. In service, you get a fixed remuneration and incentives based on your hard work but in practice, you will earn not only with the work performed but also with the number of clients you have and the level of satisfaction you can provide them. These are the generally seen companies that recruit several CA fresher’s from the campus placement.

Besides this practicing is not easy, this needs investment at the initial level. Setting up your office, and paying for the infrastructure is a tough job. And finding clients is the most typical job.

Generally, Chartered Accountants who want to start their practice, have two options. They either join their family practice, if somebody is pursuing practice in their family like parents, siblings, spouse, etc. or go for a job like 4 – 5 years gather the funds to invest and also find several clients, gain experience during this period and after this period they start their practice which will take around 2 years to set up.

If you don’t build your dreams then someone else will hire you to help them build them.

If you can do something then start your practice before someone recruits you to work for them. It will test your true intelligence or if you don’t want to take such a risk or want a fixed monthly payment then go for a service.

Also, read Which is better ACCA vs CA? MBA vs CA? CMA vs CA?

Frequently Asked Question

Q1. What is the salary of a CA Per Month?

Ans: The average CA Salary is approx Rs. 55000 per month.

Q2. What is the starting salary of CA?

Ans: The Starting salary of CA in In India is approx 7 Lakhs per annum.

Q3. Who is the highest-paid CA in India?

Ans: Kumar Mangalam Birla the chairman of Birla Institute of Technology & Science is the top and highest paid CA in India.

Q4. Is CA the highest-paid job?

Ans: Yes, CA is a very reputed and highest-paid job in India.

Q5. Can I clear CA in First attempt?

Ans: According to the past stats, it is seen that 45-50% of the candidates clear CA in First attempt.

Q6. What is the highest CA Income in India per month?

Ans: The highest monthly salary of CA in India is approx 1 LaKh to 2 LaKh rs.

Q7. How much does a chartered accountant get paid among the Big Four companies?

Ans: CA at Big Four companies initially earn 6-8 lakh, but with 4-5 years of experience, they start to earn an average of 24-25 lakh INR annually.

Q8. What is the Salary of a CA Topper?

Ans:The Salary Offered to a CA Topper is 15 -25 lakh per annum.

Q9. What are the Role and Responsibility Given to CA?

Ans: A Chartered Accountant ( CA) can take diverse roles like Accounting, Taxation, Auditing, Cost Accounting, and so on.