What is the salary of CA per month?

CA or Chartered Accountant is one of the most prestigious and in demand professions in India, known for its meticulous training and ample expertise in finance, taxation, auditing, and also accounting as well. CAs are essential factors for businesses, government organizations, and individuals as well, who plays a difficult role in financial management and deference.

Given the importance of CA’s role, the salary of a CA is repeatedly a topic of interest, for those who are in this profession and also for desired candidates and employers.

This article explores the several factors which influence a monthly salary of a CA in India, offering the detailed structured based on experience, industry, and location.

Chartered Accountant Salary in India:

How much money a CA can earn it depends on where they work? If they working with government sectors, they might have regular working hours as well as less stress. Also they can earn or make more money if they work for a big companies. Even though government jobs can’t pay much money, but they provides the good benefits for CAs.

The CA salary in India is based on how good they are doing on job and their experience as well. Check out the estimated average CA salary package in India in the table below:

Particulars Estimated Salary
CA final rankers Rs 15-25 LPA
Cleared CA finals in single attempt Rs 11-15 LPA
CA salary for Freshers Rs 6-9 LPA
Lowest total CA Salary Package India Rs 3-4 LPA
Highest total CA salary for Freshers in India 2-2.5 lakhs per month
Highest total CA salary for experienced in India 5 lakhs per month

CA salary in India vs. other countries:

There may be difference in CA income in various nations, it is totally depends on the level of life as well as human resource value of every country. According to the ICAI, the following are the chartered accountant salary variations among major countries.

Country Highest CA salary
Dubai AED 615k
Australia AU$113k
UK £62k
India India
USA $267k

Salary Structure by Experience:

Fresher Chartered Accountants:

A fresher CA can expect a starting salary ranging from ₹6 lakhs to ₹8 lakhs per annum, which translates to a monthly salary of approximately ₹50,000 to ₹67,000.

CAs recruited by top companies or MNCs may receive higher packages, sometimes up to ₹10 lakhs per annum, translating to a monthly salary of around ₹83,000.

Mid-Level Chartered Accountants (4-7 Years of Experience):

With 4-7 years of experience, a CA can earn between ₹10 lakhs to ₹20 lakhs per annum, depending on the industry and location. This corresponds to a monthly salary of ₹83,000 to ₹1.67 lakhs.

CAs working in finance, banking, or consultancy sectors might earn on the higher end of this range.

Senior Chartered Accountants (10+ Years of Experience):

Senior CAs with over 10 years of experience can earn salaries ranging from ₹20 lakhs to ₹50 lakhs or more per annum. This translates to a monthly salary of ₹1.67 lakhs to over ₹4.16 lakhs.

Those in top management roles like Chief Financial Officer (CFO) or Financial Controller, often command the highest salaries.

Salary Structure by Industry:

Big 4 Accounting Firms:

Corporate Sector (Non-Banking)

Banking and Financial Services

Government Sector

Impact of Location

Metro Cities:

CAs working in metro cities like Mumbai, Delhi, and Bangalore often earn higher salaries due to the higher cost of living and greater job opportunities.

Smaller Towns:

In smaller towns and cities, the salary might be lower, ranging from ₹50,000 to ₹1.5 lakhs per month, depending on the local economy and demand for CAs.

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Conclusion:

The monthly salary of a Chartered Accountant in India varies based on experience, industry, location, and other factors. While a fresher CA might start with a monthly salary of ₹50,000 to ₹67,000, an experienced professional in a senior role can earn upwards of ₹4 lakhs per month. The demand for CAs remains strong across industries, making it a highly rewarding career in terms of both salary and professional growth.