CA Salary in India: Chartered Accountant Average Earnings 2022

                     

CA Salary in India 2022 – The salary of a Chartered Accountant in India depends on his/her skills, capabilities, and experience. The average salary of CA in India ranges from 6-7 lakhs and can reach up to 40 lakhs. International packages are even higher ranging up to 75 lakhs. However, to earn that much amount, you need to study hard and clear all the CA examinations. Other than that, an individual also needs the required skill to get a good salary package.

Last year’s stats show that the average salary of CA in India was offered around 7.98 lakhs p.a. in the campus placement conducted by ICAI. That means the CA salary in India per month in 2021 is around 61000. Due to the high income in CA, students from other fields are also coming into this CA field. Rank Holders and Single attempt passed students get a priority over others and will be earning high paying wages.

Here we have prepared a detailed article for you, which will help you to get an idea of the CA salary in India and how much can you get per month based on the current scenario. You’ll also get to know the salary of Chartered Accountants in India based upon their skills, experience, company, job profile. 

CA Salary in India

Aspiring candidates are excited to know how much a Chartered Accountant earn in India annually or what is the salary of CA? The table below can give you an overview of the CA salary in India in 2022.

ParticularSalary
Freshers₹698.3k
Experienced (4-5 yrs)₹744.3k
Lowest salary₹437k
Average Salary₹797.6k
Highest Salary₹2000k

As you have seen in the above table, the starting salary of CA in India is around 6-7 lakhs. The CA professionals who have experience of 4 to 5 years can earn an annual income of 7-8 lakhs. The highest Chartered Accountant salary is around 20 lakhs per annum. However, there are many candidates who start their own practice after taking job experience of 2-3 years in a reputed CA firm. If such a candidate is well capable to do so then there is no upper limit for his/her growth and income.

You have a basic idea of Chartered Accountant salary in India, but there are a lot of factors that play an important role in determining what you will get. A candidate’s salary can be different based on the experience, skills, job profiles, city in which he/she is living, his marks in CA final, number of attempts, etc. Given below is the salary of a Chartered Accountant on the basis of various factors.

CA Salary in India: Based on Experience

Chartered Accountant salary is also based on their experience. Given below is the p.a. salary according to the experience of Chartered Accountant. 

Year of ExperienceCA Salary P.A.
0-5 years7 lakhs
5-10 years 12 lakhs
10-20 years 20 lakhs
Above 20 years 50-70 lakhs

CA Salary in India: Based on Skills

The three main skills that are required in a good Chartered Accountant are analytical, compliance, and reporting skills. These are the skills on the basis of which they are paid. Chartered Accountant with skills like budget management, strategic accounting, management auditing, financial analysis, and controlling gets an average salary of more than 8 lakhs. Given below is the table showing Chartered Accountant salary in India on the basis of their skills.

SkillsSalary Per Annum
Budget management 9.5-11 lakhs
Strategic accounts8.9-9 lakhs
Evaluation and management auditing8.5-9 lakhs
Financial analysis8.5-8.8 lakhs
Financial advisor8.5-8.75 lakhs
SAP financial accounting and
controlling
8.10-8.25 lakhs
Financial reporting8.-8.2 lakhs
Auditing 7-7.5 lakhs
Account management 7-7.25 lakhs
Internal audit7.25-7.35 lakhs
Accounting 7.25-7.35 lakhs
Tax consulting7.10-7.25 lakhs
Tax compliance7-7.1 lakhs

CA Salary in India: Based on Job Profiles

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

Job ProfileCA Salary per annum
Financial officer35 lakhs
Account executive25 lakhs
accountant25 lakhs
Finance controller19 lakhs
Finance manager10 lakhs
Chartered accountant7.25 lakhs
Financial analyst6 lakhs
Assistant account manager5 lakhs
Senior account executive4 lakhs
Senior accountant 3.5 lakhs
Business analyst4 lakhs
Account assistant 2 lakhs

CA Salary in India: Based on City

The salary of a Chartered Accountant can also vary based on the city, he/she is working. Check the table below, to know the average salary of CA in different cities of India.

CitySalary
Gurgaon9.5 lakh
Chennai8.5 lakh
Mumbai7.5 lakh
Delhi7 lakh
Guwahati6.2 lakh
Punjab6 lakh
Pune6 lakh
Ahmedabad6 lakh
Jaipur5 lakh

Know the complete step by step process of how to become a CA in our detailed guide.

Industry-Wise Chartered Accountant Salary in India Per Month 2022

The Big 4

CA salary in India in the Big 4 firms

Big 4 itself defines the four biggest firm networks in it consist of E&Y, PWC, Deloitte, and KPMG. Most of the CA students dream to undergone their 3 years articles from any of the firms in the Big 4 and after becoming Chartered Accountants they wish to get a job in them. You will definitely be happy to know that these 4 firms actually hire a large number of fresh CAs in every attempt. They are among the biggest employer that are paying good CA salaries in India, however, working with these firms is not as easy as getting a job. The Work pressure in these companies frustrate Chartered Accountants and it results in leaving their job in a very short span. But if you are fond of learning, and want to explore as much knowledge and experience as you can then this is the best platform for you where you can learn.

  1. The average salary of CA in these organizations ranges from 6-8 lakhs for fresher.
  2. After some years of experience, these firms offer up to 25 lakhs to a Chartered Accountant depending on his capability and skill.
FirmLeast SalaryHighest Salary
 Deloitte LLP45,00060,000
PricewaterhouseCoopers48,00068,000
Ernst & Young40,00063,000
KPMG46,00062,000

Marico/ RB/ HUL/ P&G

To get shortlisted with such companies you must place your name in the top 50 students because such companies are perfect for any fresher CA. They select only ranked students and jobs offered by them looks like a dream come true. The starting salary of CA offered by such companies ranges between Rs 18-28 Lacs.

CA Firms

Candidates wishing to start their own practice after some years of experience join CA Firm which gives them great exposure. Here, a fresher Chartered Accountant learns how to deal with the client or how to deal with the Income Tax Officer. Might be you are thinking that you have gained much experience in your articleship training also, but the scope of an article is always limited. The experience which you can gain after becoming a Chartered Accountant could not be possible in your articleship training. The salary offered by CA Firms generally ranges between 3-8 lacs.

IT Industry

IT Companies like TCS, Wipro, Infosys are best for the people who don’t want to get an extra workload. Here candidates enjoy a good job with a handsome package and less workload. However, being a Chartered Accountant it is often not preferred by candidates as knowledge could not be much upgraded here.

CA Salary in India offered in the Public Sector Undertakings

Monthly CA salary in India in the public sector

PSUs like BSNL, ONGC, BHEL, GAIL hires much fresher CA from the campus placement. These companies often shortlist the candidates on the basis of their marks ranging from 55% to 60%. The number of candidates who passed with two or more attempts in the CA Final generally got selected by PSUs. The starting salary offered by such companies ranges between Rs 7-15 Lacs. Although annual increment is very limited but still a good option.

Now you have a good idea about the CA salary in India, but there is a question that every CA aspirant have in their minds i.e., the number of attempts. Might be, your attempts pull you back in starting to get your dream job but your hard work and smartness can lead you wherever you want. Many of the people who have taken 2-3 attempts in CA Final started their career with one of the firms in Big 4 with a starting package of just 6-8 lakhs but in a span of 4-5 years, they have maintained a position where they are earning an average salary of 24-25 Lakhs per annum. Although, there are also a number of candidates who left within one year due to the overload work pressure.

How to get a High CA Salary in India?

Get a Rank in CA exams

Getting a rank in CA exams will help you in grabbing a job with a higher package. If you get a rank, then there are higher chances that you got selected in a big company with a good package. And, after a few years of experience and training, your salary can reach up to 40 lacs per annum.

Clear your Exams in Less Attempts

Those candidates who have cleared the exams in less attempt are the ones who are preferred over others. These students can also get high salary packages. With a good performance and gaining experience, they can also get increments and higher packages.

Have a Good Knowledge

Knowledge is the key if you want a good CA salary in India. If you don’t get any rank and have more attempts, then also you can get a good salary in India. Candidates having great knowledge in subjects or fields, also have higher chances of salary increment. Along with the chances of a high salary package, you can get a salary increment.

Good Practical Training Experience

There are many students who go for dummy articleship. If you’re thinking the same, then let me tell you, practical experience is as important as knowledge. Along with higher marks and ranks, you’ll also need practical training experience. If you have good training experience, then there are higher chances that you’ll get a better salary.

Work on Communication Skills

Candidates having good communication skills are the ones who can impress the interviewers and get a high CA salary package. They can represent themselves in a better way and often get a good salary. Also, communication skills help in networking and maintaining good relationships with the seniors. This also helps in getting preferred for a new opportunity.

Locality

As you have seen in the above table also, the city where you are working will also determine your salary. For instance, you’ll get more salary in Gurgaon, Chennai, Mumbai than Pune, Ahmedabad, or Jaipur.

Hence, it has been concluded that the number of attempts, ranking, knowledge and practical experience helps in getting good CA salary in India. So, give your 100% and just go for it.


Frequently Asked Questions

Q1. What is the monthly income of CA in India?

Ans. The average Chartered Accountant salary per month is around 55000 to 60000. The salary you’re getting can be based on various factors such as skills, abilities, job profiles, work experience, city and others. 

Q2. Is CA the highest paying job?

Ans. CA is surely among the highest paying job. The CA salary in India is high that makes this field lucrative among the students. 

Q3. How Much Does a Chartered Accountant Get Paid in Big 4?

Ans. The average salary offered by these firms ranges from 6-8 lakhs for fresher. After some years of experience, these firms offer up to 25 lakhs to a Chartered Accountant depending on his capability and skill.

Q4. Can CA earn in crores?

Ans. Yes, a CA can earn in crores. As India is witnessing development in finance and with new businesses coming up, the demand for quality CAs is abundant. However, it is possible only when you open your own Chartered Accountancy firm.

Q5. What are the other income sources of a CA?

Ans. The CA also earns some money through bonuses, commissions and fees. However, it is not static and depends on individuals. You’ll get a commission when working for clients in exchange for the services offered.