CA Salary in India: Average Annual Package & Benefits

Chartered accountants are among the highest-paid professionals in India. CA Salary ranges from thousands to lakhs, depending on their knowledge and expertise. You must know commerce, math, business studies, taxation, and law to get an excellent position to be a chartered accountant. 

The main reason for accountants' high wages is the rise in the financial level, which has increased the demand for and work of CAs.The person who has passed the CA final and has acquired the necessary skills, knowledge, and experience is in an excellent position to earn the highest CA salary in India. 

The average CA salary in India is 8,36,716 INR per year, varying between a minimum of 4,83,000 and a maximum of 20,00,000 INR annually based on 1,412 salary profiles (last updated Mar 20, 2023), offering a rewarding career path for Chartered Accountants. Refer to the screenshot below. 

Chartered Accountant or CA Salary in India

The chartered accountant's salary is based on your job profile and the company that hired him. If you are a public sector employee, you get the benefit of fixed working hours and less stress, but if you are working for NMC companies, you can earn more with so much stress. 

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Starting CA salary in India Per Month

The CA starting salary in India is INR 70,000 per month. Additionally, a CA's monthly salary will depend on their rank in CA Finals and CA Inter, writing experience, position, and the company they work for.

Additionally, new CAs who pass the exam in the first attempt earn a high salary of INR 12–14 lakhs per year. Moreover, the salary for a CA bully in India is 15 to 20 lakh INR per year.

CA Salary in India 2024

Check out the average salary of a Chartered Accountant in India in the table below:

Minimum Salary Package of a Fresher Chartered Accountant in India

The salary packages of chartered accountants in India are 4 to 5 lakhs per annum. Generally, candidates who appear for the CA exam in more than one attempt will get this cover. But with consistent efforts and good work, they can earn a good salary in the long run.

However, we recommend you study hard and clear the CA exams the first time to get a higher salary. 

CA Salary Comparison Between India & Other Countries

Salaries of certified public accountants (CPAs) vary depending on the country they work in. The demand for CA is higher in some countries than in others. In addition, the salary level is also affected by social conditions, the value of employees, the financial level, and the size of the company.

Check out the table below for a comparison of CA salaries in India with other countries

Chartered Accountant Salary Offered by Different Sectors in India 2024

The Big 4 CA Firms

The Big 4 refers to the four broad accounting channels. It consists of E&Y, PWC, Deloitte, and KPMG. They are among the top employers and highest-paid chartered accountants in India. Thousands of students work hard to find jobs at four major companies.

Additionally, the average CA salary paid by these four major companies ranges between INR 6 to 8 lakhs per year for freshmen. However, after gaining experience and knowledge, these companies offer INR 25 lakhs per year to chartered accountants depending on their qualifications and skills.

Salary of fresher Chartered Accountants in the Big 4 firms:

CA Salary in Multi-National Companies and FMCGs

Many companies and FMCGs offer CA starting salaries of 18–25 lacs per annum. To get a job in international companies like HUL, P&G, RB, and Marico, AIR, which only employs students, must be under 50 years of age.

In addition to an attractive accountant salary, you get perks and financial benefits such as free transportation, rental cars, accommodation, insurance, and more.

Chartered Accountant Salary in CA Firms

As a fresh CA, the average CA Salary in India ranges from ₹4.6 lakh to ₹6 lakh per annum. In 2024, the average CA pay offered through college placements increased from ₹8 lakh to ₹11.50 lakh annually, according to the Institute of Chartered Accountants of India (ICAI).

CA Salary in IT Companies

The CA chartered accountant salary offered by IT companies for new chartered accountants is between INR 8 to 10 lakhs per annum, and experienced accountants will go up to INR 50 lakhs per annum.

Moreover, IT companies like TCS, Wipro, and Infosys are good for CAs who do not want to take extra work, and in these companies, CAs enjoy good jobs with good packages and no vacancies. Again, the job is to maximize profits and minimize losses by using analytical skills and knowledge.

However, becoming an aspiring accountant is often unpopular because it does not develop your knowledge and skills.

Salary of CA in Public Sector Undertakings

The CA salary offered by PSU is between INR 7-15 lakhs per annum. However, the annual increase is very low but still a good option.

Additionally, government or PSU companies like BSNL, ONGC, BHEL, and GAIL recruit fresh CAs from the ICAI institute, and these companies usually select candidates based on their marks between 55% and 60%.

CA Salary in Banks

ICICI, HDFC, SBI, PNB, etc. Indian banks like to offer annual packages for CA between 8 to 10 lakhs per annum. Additionally, for accountants in the banking sector, there are various roles such as analyst, financial officer, chief audit officer, etc. There are various positions.

Chartered Accountant Manufacturing Companies

The annual salary for a chartered accountant offered by companies like TCS and MRF is between 7 to 8 lakhs per annum. Startup paperwork is low, but growth and expansion are high.

Top 4 Factors Affecting CA Salary Packages in India

Many factors affect the income a CA earns and play an important role in determining their salary. These factors include experience, skills, job profiles, place of residence, CA final result in November 2023, number of startups, etc.

• Experience
• Skills Capability
• Job Profile
• Place of Residence

CA Salary in India Based on Experience

Companies that employ certified public accountants value their years of experience and knowledge. The work done by CA in those years will have an impact every year.

Generally, the CA salary in India is 20 lakhs INR for candidates with 5 years of experience. Table showing Chartered Accountant salary based on Experience

Chartered Accountant Salary Based on Skills

If the CA has analytical, compliance, and reporting skills, he will earn a higher salary than others.

Moreover, CAs with basic expertise such as budget management, accounting, management control, financial control, and auditing earn an average salary of over 8 lakhs. Below is an overview of specialty-based chartered accountant salaries in India.

CA Salary in Different Job Profiles

A CA has extensive knowledge in various areas of finance and taxes and therefore has many job opportunities. A finance manager may contact an accountant, financial manager, or business manager.

Given below is the list of Chartered accountant salaries based on their work profiles. Table showing CA salary based on different Work Profiles

Chartered Accountant Salary in India in Different Cities

Salary given to Chartered Accountants in different cities in India is:

Highest Paying Companies to CA in India

As we all know, CA is among the highest-paid professions in India. Many companies are offering handsome salaries to a CA, such as Reliance, ICICI Bank, TATA, Bharti Airtel, and more. It is a dream of Chartered Accountants to get a job in these companies.

Now, let us check the companies that are paying the highest CA salary in India. Table showing CA salary offered by Companies

Is the CA Salary Affected by the Number of CA Exam Attempts?

You may think that the degree you receive will take you back to the early years, when you will earn your dream salary. This is true, but your hard work and intelligence can get you to the right level.

Many people who have attempted 2-3 in CA Final started their career in one of the Big 4 companies with a starting package of INR 6-8 lakhs, but within 4-5 years they maintained a good position and earned an average of 24-25 lakhs per annum, rising. Moreover, due to the high workload, many candidates leave Big 4 companies within a year.

How Can You Earn a High CA Salary in India?

1. Get a High Rank in CA Exams

Getting a high rank in the CA final exam will increase your chances of getting a good annual package. Chartered accountants at the Indian level in CA final exams earn an annual salary of INR 20 to 25 lakhs. You can also apply to top companies and top 4 companies.

2. Clear CA exams in Fewer Attempts

If the candidate does not get Indian status but passes the CA exam once or twice, he can earn monthly. According to the hiring wisdom of top CA companies in India, Chartered Accountants will earn a salary of 14 to 15 lakh rupees with a few attempts.

You can apply for jobs in Big 4 companies and other CA companies. You can also go for government institutions/PSUs that select candidates based on CA exams.

If you get a high score on the CA exam, you can take the CA exam. The CA Students exam has awarded All India first rank 7 times so far.

3. Master Financial Accounting and Analysis

As a CA, your primary role will be to manage financial books and prepare budgets and reports. Now discover how financial statements are written and managed and how you can analyze them to obtain useful information. Therefore, you can enroll in online courses from trusted advisors. You can also follow industry experts to learn their best practices.

4. Learn Microsoft Excel​

Every CA needs to have a good command of Microsoft Excel, as it helps in recording, managing, and analyzing financial data. Additionally, many companies require CAs to have basic knowledge of Excel. In other words, to learn Excel, you can take online courses that you can easily find on the internet and use them in your daily work.

5. Join a Good Articleship Firm

Your CA experience plays an important role in determining your salary in the first few years. Therefore, we recommend all students join a reputable writing institute and work hard. Do not delete or search for notes. Your writing experience gives you an advantage over other candidates.

6. Make Your Communication Skills Strong

Good communication skills show that you can present your ideas in a safe meeting. If you can communicate effectively, getting the list will help you with your conversation. And it will help you get promoted in the long run. ICAI also offers communication courses that you can take.

7. Locality of Service

The city or state you work in also affects your salary. While some tier-1 cities like Mumbai and Delhi offer more CA jobs, salaries are lower in tier-2 cities like Jaipur and Ahmedabad. Therefore, it is better to choose a company located in metro cities (tier 1).

Earnings of a Practicing Chartered Accountant

CAs who start their practices can earn a good income based on their ability to acquire high-paying clients. On average, the annual CA salary in India is between INR 20 to 22 lakhs. Moreover, if he gets more customers, he can earn INR 50 lakhs per year. However, the minimum CA salary in India earned by a practicing CA is INR 10–11 lakh per year.

Additionally, implementing CA can be profitable in finding high-paying clients. On average, the annual income of a working accountant is between INR 20 to 22 lakhs. Moreover, if he acquires customers with high budgets, he can easily earn up to 50 lakhs per year. But the minimum salary earned by CA is INR 10–11 lakhs per year.

What are the income sources for CA other than salary?

Apart from salary, the other income sources for CA are:

• Consultation Fees: A CA who offers consultation services gets the fees. This fee will be based on the time duration of the consultation or on the specific tasks.
• Commission: Companies offer a commission to CAs who solve certain financial problems, like preparation of the merger books, presenting good books to get investors, etc.
• Bonus: CAs whose performance is good and benefits companies in earning higher profits get a bonus in addition to their salary.