Chartered Accountants Salary in India & CA Monthly Income 2023 

CA Salary in India: Chartered Accountant Per Month Salary

Chartered Accountants are among the highest-paid professionals in India, and the salary of a CA is in lakhs. The primary reason for the high Chartered Accountant salary is the growth in the financial sector that increased the demands and jobs of CAs.

The average salary of a CA in India is Rs. 8.5 lakhs per annum, ranging from 3.6 lakhs to 12 lakhs per annum. Moreover, the highest annual packages of a Chartered Accountant can reach up to 50-60 lakhs as per their skills and experience.

The Big 4 companies and MNCs in India are among the biggest employers of CA. Moreover, CAs working outside India can earn handsome packages of up to INR 70 to 80 lakhs pa.

But to earn high perks of money, a lot of hard work and discipline are required. You will also need good CA articleship experience and clear the CA exams on the first attempt with an AIR. So, if you’re interested in accounting, taxation, and finances, Chartered Accountancy is an excellent and high-income career for you.

In this article, you’ll know the Chartered Accountant’s salary and the major factors that affect it, such as experience, skills, job profile and location.

In Addition, you learn about the entire CA course. Click on this article to learn the complete details about the CA Course guide.

Chartered Accountant Salary in India 2023:-

Based on the ICAI Report 2022, the average CA salary in India is between Rs. 8 – 9 lakhs per annum and can go up to Rs. 50 – 60 lakhs.

  • CA Salary in India per month – Rs. 67,000.
  • Starting Salary of a Chartered Accountant – INR 8-9 Lakhs pa.
  • Salary of a CA Topper (Fresher) – INR 25 lakhs.
  • Highest Salary of CA in India – Rs. 60 Lakhs per annum.
  • Annual CA Package in India after 10 years – INR 30 lakhs.

Read in Hindi: CA ki Salary

CA Salary in India 2023

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

Table showing CA salary in India
Particulars Per Annum Salary Monthly Salary
Freshers INR 698.3k INR 58,200
Average Salary for Freshers INR 804k INR 67,000
Lowest salary INR 437k INR 36,500
Experienced (2-3 yrs) INR 1100k INR 91,000
Highest Salary INR 6000K INR 500,000
Average CA Salary in India in 2023
Source – Payscale

Also Check: CMA Salary in India

Starting Salary of CA in India per Month

The CA starting salary in India is around INR 67,000 per month. Moreover, the CA monthly Salary will depend on his rank in CA Final, articleship experience, job role and the company in which he is working.

Furthermore, fresher CAs who have cleared the exams in the first attempt get higher salary packages of INR 12- 13 lakhs per annum. Moreover, the salary provided to a CA topper in India is INR 15 to 20 Lakhs per annum.

Table showing starting salary of a CA in India
Particulars Salary
CA Final cleared in many attempts INR 8-9 Lakhs
CA Final cleared in 1st attempt INR 12-13 Lakhs
CA Final Toppers INR 15-20 Lakhs

Minimum Salary Package of a Fresher Chartered Accountant in India

The minimum package of a fresher Chartered Accountant in India is around INR 3 to 4 lakhs per annum. Generally, candidates who have cleared the CA exams in multiple attempts will get these low packages. But with consistent efforts and good performance, they can get a better salary in the long run.

However, we suggest you to work harder and clear the CA exams on the first attempt and get a high salary.

Highest Per Month Salary of a CA in India

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

However, foreign companies also employ CAs from India and provide remuneration of up to INR 76 lakhs per annum in exchange for their services.

Furthermore, there are many chartered Accountants have their own businesses and are earning crores.

Also Read: CA Course Duration

CA Salary Comparison Between India & Other Countries

The salary given to Chartered accountants differs according to the country he is working in. There are higher demands for CA in certain countries than in others. Furthermore, the salary packages also depend on the standard of living, human resource value, financial sector and the size of businesses.

Check the below comparison table of CA salary in India vs other countries

Country Fresher Experience(4-5 yrs) Lowest Salary Highest Salary Average Salary
India INR 698.3k INR 1000k INR 437k INR 7M INR 804.3k
USA $51.1k $78.7k $28k $267k $80k
Dubai AED 100k AED 121k AED 27k AED 616k AED 119k
UK £28.4k £32.2k £24k £62k £ 35.9k
Australia AU$ 74.1k AU$64.1k AU$54k AU$113k AU$ 70.9

Chartered Accountant Salary Offered by Different Sectors in India 2023

The Big 4 CA Firms

CA Salary in India in the Big 4 firms

Big 4 defines the four most extensive accounting firm networks. It consists of E&Y, PWC, Deloitte, and KPMG. They are among the biggest employers and pay high CA salaries in India. Thousands of students work really hard to get a job in the big 4 firms.

In Addition, the average CA salary paid by these big 4 firms ranges from INR 6-8 lakhs per annum for freshers. However, after acquiring experience and knowledge, these firms offer up to INR 25 lakhs per annum to a Chartered Accountant, depending on his capability and skill.

Salary of fresher Chartered Accountants in the Big 4 firms:

Big 4 Firm Least Salary Highest Salary
 Deloitte LLP INR 45,000 INR 60,000
PricewaterhouseCoopers INR 48,000 INR 68,000
Ernst & Young INR 40,000 INR 63,000
KPMG INR 46,000 INR 62,000
CA Salary in India in Big 4 Firms
Source – Glassdoor

Multi-National Companies and FMCGs

Multinational and FMCG companies offer a starting CA salary of 18-25 lacs per annum. To get a job in multinational companies such as HUL, P&G, RB, and Marico, you need to get an AIR under 50 as they hire only ranked students.

Other than an attractive Chartered Accountant salary, you’ll get perks and financial benefits like free conveyance, leased car, accommodation, insurance and more.

CA Firms

The salary offered by top CA Firms generally ranges between INR 3-8 lacs per annum. After all, Joining a CA firm in the initial years will give you great exposure and work experience. Here, a fresher Chartered Accountant learns how to deal with clients or income tax officers. Later, you can start your own practice and can earn higher perks of money.

IT Companies

The salary offered by IT companies to the fresher Chartered accountants ranges from INR 8 to 10 lakhs per annum, and the experienced accountants will get around INR 50 lakhs per annum.

Furthermore, IT Companies like TCS, Wipro, and Infosys are best for CAs who don’t want to get an extra workload, and in these companies, CAs enjoy a good job with a handsome package and less workload. Also, the work is to increase profit and reduce losses by using their analytical skills and knowledge.

However, being an enthusiastic Chartered Accountant, it is often not preferred as it will not upgrade your knowledge and expertise.

Public Sector Undertakings

Chartered Accountant Salary in Public Sector Undertakings

The CA salary offered by PSUs ranges between INR 7-15 Lacs per annum. However, the annual increment is very limited, but it is still a good option.

In addition, Government companies or PSUs like BSNL, ONGC, BHEL and GAIL hire many fresher CAs from the ICAI campus placement, and These companies often shortlist the candidates on the basis of their marks ranging from 55% to 60%.


Indian banks such as ICICI, HDFC, SBI, PNB and others give an annual package of INR 8 to 10 per annum to CA. Furthermore, in the banking sector, there are various job roles available for Chartered Accountants like Analyst, Financial officer, Audit executive, etc.

Manufacturing Companies

The annual Chartered Accountant salary offered by the Manufacturing companies such as TCS and MRF ranges between INR 7 to 8 lakhs per annum. It has been seen that the initial packages are low, but the growth and increments are high.

Annual Salary Packages of a Chartered Accountant

4 Factors Affecting CA Salary Packages in India

There are a lot of factors that affect how much a CA will earn and play a major role in determining their payslip. These factors are experience, skills, job profiles, the city in which they live, CA Final result, number of attempts, etc.

Factors Affecting CA Salary in India

CA Salary in India Based on Experience

Companies when recruiting a Chartered Accountant give importance to their experience in terms of the number of years and knowledge. The work performed by the CA in those years will impact his annual package.

In general, the CA salary in India is INR 20 lakhs pa for candidates with an experience of 5 years.

Table showing Chartered Accountant salary based on Experience
CA Experience Per Annum Salary
0-5 years INR 10-15 lakhs
CA salary after 10 years INR 23 lakhs
10-20 years  INR 30 lakhs
Above 20 years  INR 50-70 lakhs

Therefore, it is crucial for CAs to upgrade their knowledge for higher pay packages.

Chartered Accountant Salary Based on Skills

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

Furthermore, a CA with hard skills like budget management, strategic accounting, management auditing, financial analysis, and controlling gets an average remuneration of more than INR 8 lakhs.

Given below is the table showing Chartered Accountants’ salaries in India on the basis of their skills.

Table showing Chartered Accountant earnings based on Skills
CA Skills Per Annum Salary
Budget management  INR 9.5-11 lakhs
Strategic accounts INR 8.9-9 lakhs
Evaluation and management auditing INR 8.5-9 lakhs
Financial analysis INR 8.5-8.8 lakhs
Financial advisor INR 8.5-8.75 lakhs
SAP financial accounting and
INR 8.10-8.25 lakhs
Financial reporting INR 8.-8.2 lakhs
Auditing  INR 7-7.5 lakhs
Account management  INR 7-7.25 lakhs
Internal audit INR 7.25-7.35 lakhs
Accounting  INR 7.25-7.35 lakhs
Tax consulting INR 7.10-7.25 lakhs
Tax compliance INR 7-7.1 lakhs
Top Skills for a Chartered Accountant in India
Source – Payscale

Also Check Courses After B.COM to Enhance additional Skills as a CA.

CA Salary in Different Job Profiles

A CA has vast knowledge in various fields of finances and taxes and thus has a lot of job opportunities. He can go for Financial officer, Accountant, Finance Manager or Business Analyst.

Chartered Accountant Packages for Different Job profiles

Given below is the list of Chartered accountant salaries based on their work profiles.

Table showing CA salary based on different Work Profiles
CA Job Profile Per Annum Salary
Financial officer INR 35 lakhs
Account executive INR 25 lakhs
Accountant INR 25 lakhs
Finance controller INR 19 lakhs
Finance manager INR 10 lakhs
Chartered accountant INR 7.25 lakhs
Financial analyst INR 6 lakhs
Assistant account manager INR 5 lakhs
Senior account executive INR 4 lakhs
Senior accountant  INR 3.5 lakhs
Business analyst INR 4 lakhs
Account assistant  INR 2 lakhs

Must Check: Which is better CA or MBA?

Chartered Accountant Salary in India in Different Cities

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

  • CA salary in Gurgaon – INR 9.5 lakhs
  • CA salary in Mumbai – INR 8.8 lakh
  • CA salary in Chennai – INR 8.5 lakh
  • CA salary in Delhi – INR 7.5 lakh
  • CA salary in Guwahati – INR 6.2 lakh
  • CA salary in Punjab – INR 6 lakh
  • CA salary in Pune – INR 6 lakh
  • CA salary in Ahmedabad – INR 6 lakh
  • CA salary in Jaipur – INR 5 lakh

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
Company CA Salary
Microsoft INR 3 to 4 lakhs
TCS INR 7 to 8 Lakhs
Reliance Industries INR 11 to 13 LakhsLakhs
Infosys INR 8 to 10 Lakhs

You can check out the step-by-step process of becoming a CA in our detailed guide.

Does the Number of CA Exam Attempts Affect the CA Salary?

Are the Number of Attempts Impact the CA Salary

You might think that your rank will pull you back in the starting years to get your dream salary. It is true, but your hard work and smartness can lead you to the level you deserve.

Many people who have taken 2-3 attempts in CA Final started their career with one of the firms in the Big 4 with a starting package of just INR 6-8 lakhs, but in a span of 4-5 years, they have maintained a good position and their average salary rise to INR 24-25 Lakhs per annum. Also, many candidates left the Big 4 firms within one year due to the overload of work pressure.

How Can You Earn a High CA Salary in India?

Ways to get the highest CA annual packages

1. Get a High Rank in CA Exams

If you get a high rank in your CA Final exams, your chance of getting a good annual package increases. Chartered Accountants with an All India rank in CA Final exams are offered a salary of INR 20 to 25 lakhs per annum. Apart from that, you can even apply for jobs in big companies and the top 4 firms.

2. Clear CA exams in Fewer Attempts

If a candidate does not get an All India rank but clears the CA exams in one or two attempts, he can still earn a good monthly income. Based on the recruitment insights of the top CA firms in India, Chartered Accountants will surely get a salary of 14 to 15 lakhs rupees with fewer attempts.

You can apply for jobs in the Big 4 firms and other CA firms. Moreover, you can also go for Government companies/PSUs, as they shortlist candidates according to their CA exam attempts.

To score high marks in the CA exams, you can join the VSI Jaipur Institute. VSI students till now got All India 1st rank 7 times.

3. Master Financial Accounting and Analysis

As a CA, your major role will be to manage the financial books and prepare budgets and statements. So, study how the financial statements are recorded and managed and how to analyse them to drive helpful insights. For this, you can enrol on online courses from trusted mentors. Furthermore, you can also follow the industry experts to learn their way of excelling in the work.

Skills That Affect CA Salary in India

4. Learn Microsoft Excel

Every CA must have a good command of Microsoft Excel as it will be helpful in recording, managing and analysing financial data. Moreover, many companies have made it mandatory for the CAs to have a basic understanding of Excel. So, to learn Excel, you can take online courses easily available on the web and use them in your daily tasks.

5. Join a Good Articleship Firm

Your CA articleship experience will play a crucial role in determining your salary in the initial years. Therefore, we recommend all the students join a reputed articleship firm and work harder. Do not skip articleship or go for dummy articleship. Your articleship experience will give you an upper edge over other candidates.

6. Make Your Communication Skills Strong

Good communication skills imply your ability to present your ideas in meetings confidently. If you can communicate well, it will help in your interviews to get shortlisted. And will also help you to gain promotions in the long run. ICAI is also providing a communication course that you can pursue.

Income sources for CAs other than Salary

7. Locality of Service

The city or state in which you’re working will also have an impact on your salary. Some tier 1 cities offer high CA packages such as Mumbai and Delhi while the salary is low in tier 2 cities such as Jaipur and Ahmedabad. So, it is a good idea to choose a company located in metro (tier 1) cities.

Earnings of a Practicing Chartered Accountant

CAs who start their own practice can earn a handsome income based on their capabilities to get high-paying clients. On average, the annual income of a practising Chartered Accountant is around INR 20 to 22 lakhs. Furthermore, if he gets big clients, then he can easily earn around INR 50 lakhs per annum. However, the minimum salary a practising CA earns is around INR 10-11 Lakhs annually.

Furthermore, Practising CAs can earn a sound income by acquiring high-paying clients. On average, the annual income of a practising Chartered Accountant is around INR 20 to 22 lakhs. Furthermore, if he gets big-budget clients, then he can easily earn around 50 lakhs rupees yearly. However, the minimum earnings of a practising CA is around INR 10-11 lakhs annually.

What are the Income Sources for CA Other than Salary?

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

  1. Consultation Fees – A CA who offers consultation services gets the fees. This fee will be based on the time duration of the consultation or based on the specific tasks.
  2. 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.
  3. Bonus – CAs whose performance is good and benefits companies in earning higher profits get a bonus in addition to their salary.
Income sources for CA other than salary

Also Read: CA Course Fees in India

References & Sources

This detailed guide on the Chartered Accountant salary in India is written and reviewed by the VSI Jaipur team. Here are the references and sources that we considered;

  1. ICAI Campus Placement 2021
  2. ICAI Campus Placement 2022
  3. Upsurge in the Demand of a CA by 37% in spite COVID
  4. CA Packages by ABP Live

Frequently Asked Questions

Q 1. Are CAs rich in India?

Ans. Yes, many CAs are working in large companies or have started their own practices and earning lakhs.

Q 2. Can a CA earn in Crores?

Ans. Yes, a CA can earn crores by working in top-level positions in large companies or handling the work of big-ticket clients.

Q 3. Are Chartered Accountants the Highest paid professionals in India?

Ans. Chartered Accountants are indeed the highest-paid professionals in India. The highest salary of a CA can reach up to 60 to 70 lakhs per annum.

Q 4. Who earns more Doctor, CA or Lawyer?

Ans. The CAs earn better than doctors and lawyers when compared between salary, course, work, and duration.

Q 5. Which industries pay high salaries to CA in India?

Ans. The top-paying industries for CAs are Accounting, Financial Services, Banks, IT & Consultation, and Construction.

Q 6. Which CA has the highest salary in India?

Ans. Kumar Mangalam Birla is the highest-paid Chartered Accountant in India.

Q 7. What is the salary of a CA in Delhi?

Ans. In Delhi, the average CA salary is INR 8,25,000 per annum.

Q 8. What is the CA salary in Mumbai?

Ans. In Mumbai, the average CA salary per annum is INR 8,80,000.

Q 9. Why are CA aspirants wasting 5, 6 or more years under so much pressure when the average CA salary is just 7 to 8 lakhs?

Ans. Students must note that 7-8 lakhs is the average salary of a CA fresher. If they can get an AIR and clear the exams in 1-2 attempts, their starting package will be 15 to 20 lakhs. Moreover, even if CA starts with a low package, the growth & salary in this profession is very high.

Q 10. Do those who clear the CA exam on the first attempt earn more salary?

Ans. Yes, candidates who have cleared the CA exams on the first attempt earn a higher salary. They might get an annual package of Rs. 13-15 lakhs per annum.

Q 11. Is it tough to become a CA?

Ans. Yes, it is tough to become a Chartered Accountant. You must clear the three levels of CA exams, which are considered the most difficult exams in India.

Q12. Which has a better salary, CA or CMA?

Ans. CA deals with Accounting, Auditing and Taxation, while CMA deals only with Management Accounting. That’s why the demand for CA remains high due to covering a larger area. For this reason, the salary of a CA is also high. To learn more comparison of CA and CMA, click on the CA vs CMA link.