As you progress through the 12th grade, you get to hear about career options for CA from your peers. If you are from a commerce background, CA may be the top choice among the available options. Why not? CA is much respected in India. But living in the age of money matters, and it's highly likely that you want to know one of the intriguing factors suggesting CA practice is still prioritized by many Indians.
If you are strong in subjects like accounting, economics, taxation, and law, then you can be among those who have excelled in the same.
The salaries offered to CA professionals are pretty handsome, which is why many students shift from different fields to this. A candidate who has passed the CA-Finals and gained the required experience, skill set, and knowledge is well-positioned to receive a generous monthly CA salary in India. As of 2023, the salaries of chartered accountants in India range from 2.0 lakhs to 15.0 lakhs, with an average annual salary of approximately 9.6 lakhs.
Well, it depends on what profile he’s on and what kind of company hires you. A candidate who has passed the CA-Finals and gained the required experience, skill set, and knowledge is well-positioned to receive a generous monthly CA salary in India.
Chartered Accountant (CA) Salaries in India for 2024
Major cities with salaries:
- Experience: CAs with more experience typically earn higher salaries.
- City: CAs in major cities like Mumbai, Delhi, and Bangalore typically earn higher salaries than CAs in smaller cities.
| Cities | Salary |
| Bengaluru/Bangalore | 11.6 Lakhs per year |
| Mumbai | 8.9 Lakhs per year |
| Pune | 7.9 Lakhs per year |
| New Delhi | 7.6 Lakhs per year |
| Ahmedabad | 6.5 Lakhs per year |
Major Industries and Salaries Offered:
- Industry: CAs in industries like investment banking, consulting, and technology typically earn higher salaries than CAs in other industries.
| Industries | Salary |
| IT Services & Consulting | 10.1 Lakhs per year |
| Financial Services | 9.1 Lakhs per year |
| Engineering and Construction | 7.9 Lakhs per year |
| Accounting and Auditing | 9.3 Lakhs per year |
| Banking | 9.8 Lakhs per year |
CA Salary in India vs. Other Countries
Although CA income varies by country, it is determined by each country's standard of living and human resource worth. According to the ICAI report, the chartered accountant compensation disparities among major countries are as follows:
| Country | Fresher CA | Accomplished CA | Highest CA Salary |
| Dubai | AED 100k | AED 123k | AED 615k |
| Australia | AU$ 74k | AU$ 64k | AU$ 113k |
| UK | £28.4k | £32.1k | £62k |
| India | 698.2k | 744.3k | 40-60 lakh |
| USA | $51k | $78.7k | $267k |
Chartered accountants are in high demand in India, and their salaries reflect this. CAs with more experience, working in major cities, and working in industries like investment banking, consulting, and technology typically earn higher salaries.
If you are a CA, you can negotiate a higher salary by researching, being prepared to walk away, and being confident.
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FAQs
As of 2024, the salary of a Chartered Accountant in India can range between 2 lakhs and 15 lakhs annually. On average, a CA earns approximately 9.6 lakhs per year, with salaries varying depending on experience, location, and the industry in which they work.
In major cities like Bengaluru (₹11.6 Lakhs) and Mumbai (₹8.9 Lakhs), the salary is considerably higher compared to smaller cities. The salaries for CAs in Pune, New Delhi, and Ahmedabad range from ₹6.5 lakhs to ₹7.9 lakhs per year, depending on factors like company and industry.
The industries that offer the highest salaries to CAs in India are IT services & consulting (₹10.1 Lakhs), financial services (₹9.1 Lakhs), and banking (₹9.8 Lakhs). Accounting and auditing also offer competitive salaries at around ₹9.3 Lakhs per year.
Salaries for CAs abroad are often higher compared to India. For instance:
- USA: Freshers earn around $51k, and experienced CAs earn up to $267k.
- Dubai: AED 100k for freshers and up to AED 615k for highly experienced professionals.
- Australia: Freshers earn AU$ 74k, while experienced CAs can earn up to AU$ 113k.
- UK: CAs earn £28.4k to £62k, depending on experience.
- While India offers an average salary of ₹7-9 Lakhs for freshers, these global salaries reflect a significant premium.
To negotiate a higher salary, CAs should:
- Research and compare industry standards for their location and experience level.
- Highlight their specialized skills (like audit, taxation, or financial management).
- Be prepared to walk away if the offer does not meet their expectations, showing that they know their worth.
- Showcase any extra certifications (like CFA, ACCA) that add value to their profile.
