The job of a CA is to conduct audits, filling taxes and prepare business strategies for the companies that they are working for. CA’s are not just limited to working in private offices but they have an opportunity to work across various public sector domains. CA’s are also hired by people for taking care of their personal finances and other associated benefits. The continued growth of India’s finance sector has resulted in the increased demand for CA/Chartered Accountants in India. The starting salary of a CA is INR 5 LPA which with substantial experience along with yearly raises and promotions can go up to as much as INR 78 LPA - 80 LPA. However, one of the most crucial determining factors for CA salary is the scale of the company.
In order to become a CA, aspiring candidates must pursue CA Courses from any of the Top CA Colleges in India. Admissions to these colleges are done on the basis of CA Entrance Exams. The salary of a CA depends on various factors such as the candidate’s skill, knowledge, experience, expertise, rank, number of attempts, etc. These days’ candidates who have cleared their papers in a single attempt or those who are rank holders are given preference. Read More: What does a CA do
Table of Content
- Average Salary of a CA in India
- CA Salary in India: Company Wise
- CA Salary in India: Sector Wise
- CA Salary in India: City Wise
- Salary of a CA: Country Wise
- CA Salary in India: Experience Wise
- CA Salary in India: Skill Wise
- CA Salary in India: Designation Wise
- Top Recruiters for CA in India
- Duties of a CA
- CA Salary in India: FAQs
Average Salary of a CA in India
As a fresher in this field, the average salary of a CA or a Chartered Accountant ranges from INR 4.5 LPA - 6 LPA. According to a report published by the Institute of Chartered Accountants of India (ICAI), the average CA salary rose from INR 8 LPA - 9 LPA offered through ICAI campus placements. The starting package for some of the top companies like IBM, Ranbaxy, Sony, TCS, Infosys etc ranges between INR 20 LPA - 30 LPA. An experienced professional in this field across any senior level gets an annual compensation of INR 78 L - 2 Crore annually.
Apart from that, many CAs even start their own practice after gaining some experience in a reputed firm. If the candidate is able, then there is no upper limit for their growth and income. CA’s or Chartered Accountants deal with clients and income tax officers. Read More: Sector-Wise Salary
CA Salary in India: Company Wise
India is home to several multinational companies such as Ernst & Young (EY), KPMG, Deloitte, Tata Consultancy Services (TCS), Google and American Express. The placement in these companies adds great importance to the resume. One can see valuable growth in these kinds of firms. The salaries vary depending on the profile and experience. Experienced candidates can earn a great package with several benefits in addition to their salary package.
Tabulated below are the companies and salary packages offered by them.
| Name of the Companies | Average Annual Salary (INR) |
|---|---|
| Deloitte | 14 L - 35 L |
| PWC | 14 L - 32 L |
| KPMG | 14.5 L - 32 L |
| Ernst. & Young | 12 L - 15 L |
| 12 L - 22 L | |
| TCS | 10 L - 22 L |
CA Salary in India: Sector Wise
A CA is not just limited to private firms but they also work for various public sector entities. There are several organizations including ministries and banks in which they can choose to work. Tabulated below is the average salary of a CA across various public and private sector firms.
Public Sector CA Salary in India
| Job Profile | 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 |
Private Sector CA Salary in India
| Job Profile | Average Annual Salary (INR) |
|---|---|
| KPMG | 4 L - 7 L |
| ICICI Bank | 6 L - 8 L |
| Reliance Industries | 6.80 L - 9 L |
CA Salary in India: City Wise
Location plays a very crucial role in determining the salary of a CA. Those living in the metro cities are paid comparatively more than those residing in the outskirts or suburbs.
Tabulated below is the average city-wise CA Salary.
| Name of the 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 |
Read More: CA Syllabus
Salary of a CA: Country Wise
Apart from India, Dubai and Australia have the maximum number of candidates taking up CA as their profession. Tabulated below is the starting and highest salary of a CA across various countries,
| Name of the Countries | Starting Salary (INR) | Highest Salary (INR) |
|---|---|---|
| Dubai | 54 L | 1.26 Crore |
| Australia | 30 L | 6.44 Crore |
| UK | 23 L | 61 L |
| India | 4.37 L | 20 L |
| USA | 21 L | 2.01 Crore |
CA Salary in India: Experience Wise Salary
The average salary of a CA on the basis of experience is tabulated below for your reference,
| Years of Experience | Average Annual Salary (INR) |
|---|---|
| 0-5 years | 7 L |
| 5-10 years | 12 L |
| 10-15 years | 20 L |
| 15-20 years | 24 L |
| 20 years & above | 37 L & above |
CA Salary in India: Skill Wise Salary
Tabulated below is the skill-wise salary of a CA for your reference,
| Skills Adapted | Average Annual Salary (INR) |
|---|---|
| Budget Management | 9.5 L - 11 L |
| Strategic Accounts | 8 L - 8.9 L |
| Evaluation and Management Auditing | 8.5 L - 9 L |
| Financial Analysis | 8 L - 8.9 L |
| Financial Advisor | 8.5 L - 8.8 L |
| SAP Financial Accounting and Controlling | 8.1 L - 8.3 L |
| Financial Reporting | 8 L - 8.4 L |
| Auditing | 7 L- 7.5 L |
| Account Management | 7 L - 7.35 L |
| Internal Audit | 7.25 L - 7.30 L |
CA Salary in India: Designation Wise
CA’s are appointed across various designations and job roles as per their experience. More the experience a CA has, the higher will be the designation that will be offered to them. The designation-wise salary of a CA is tabulated below for your reference,
| Designations | Average Annual Salary (INR) |
|---|---|
| Account Executive | 25 L |
| Finance Controller | 19 L |
| Accountant | 25 L |
| Finance Manager | 10 L |
| Financial Analyst | 17 L |
| Assistant Account Manager | 5 L |
| Senior Account Executive | 4.5 L |
| Business Analyst | 4 L |
Top Recruiters for CA in India
Some of the top recruiters who hire fresh CA graduates are tabulated below for your reference,
| KPMG | Reliance Industries | Ernst. & Young |
| PWC | SAIL | GAIL |
| ITC | TCS |
Duties of a CA
The Duties of a CA are not only limited to looking after the finance and tax filings but they have an extensive role in firm management. Let’s discuss some of the duties of a CA:
- Preparing financial statements
- Oversee the duties of the accounting department
- Taxation
- Performing Audits
- Looking after risk management
- Advising clients relating to their business transaction
- Statutory compliance
CA Salary in India: FAQs
Ques. What is the Job profile of CA in India?
Ans. As a Chartered Accountant, one has to :
- Advise the company on their financial matters
- Perform Financial audits
- Review and analysis of Financial Risk
- Tax planning
- Maintaining accounts
- Advise clients on business transactions such as mergers and acquisitions
Ques. What is the per month salary of a CA in India?
Ans. After clearing the CA final exam of CA, the starting salary of a CA is Rs 60,000- 75,000 per month but it increases with experience and so does the salary. The salary growth is fast in CA.
Ques. What is the starting salary of a CA in India?
Ans. The average Salary package of CA in India is around 6 Lakh per annum. If the candidate gets placed in one of the MNCs then the average salary will be around 9 Lakh Per annum. This is not limited, it increases with the experience.
Ques. Can CA also work in the Government sector?
Ans. Yes, Chartered Accountants especially those with more than 3 years of experience can get placed in the government sector and draw a government salary which can range from 9 – 13 LPA. A candidate with more than 10 years of experience can get a salary package of more than 20 LPA. The candidate can work under different government organizations and also under ministries.
Ques. What are the career prospects of CA?
Ans. CA opens doors to various other opportunities. Some of them are discussed below:
- Internal auditor
- Government sector
- Banking sector
- Financial experts
- Taxation experts
- Finance Management
Ques. Can CA start their own practice?
Ans. Yes, without a doubt a CA can start their own practice whenever they want. It is advisable that they should gain some experience by working under the firms and after taking some years of experience one can start their own practice.
Ques. Can CA work in the banking sector?
Ans. Yes, a CA can get into the banking sector. There are vacancies for Chartered Accountants for fresher as well as experienced. IBPS also releases vacancies for hiring CA. They can be hired as Financial Analysts, credit managers, risk managers etc.
Ques. How much does CA get paid in the Big Four Company?
Ans. The Big Four Companies are, KPMG, PWC, Ernst& Young (EY) & Deloitte. They are known as the top 4 accounting organizations. The starting salary package of CA is Rs 6-9 LPA and those who have experience of 4-5 years, get a salary package of Rs 20 LPA and above.
Ques. Can a CA practice abroad after clearing CA exams in India?
Ans. No, Indian CAs are not allowed to practice abroad. If a candidate wants to be a CA abroad he has to take the CA exams for that country. However, some exemptions can be granted. It depends on the criteria of that country.
Ques. Is CA a Gazetted Officer?
Ans. No, A practising CA is not recognized as a gazetted officer as they are not government officials even if they are working in the government sector.
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