SALARY OF CA IN INDIA 2023!

5 min readMay 24, 2023

ICAI CAMPUS PLACEMENT 2022: FRESHER CA GETS HIGHEST 30 LAKH PACKAGE Based on the ICAI Report 2022

ICAI President in his April 2022 Message Said “It gives me great pleasure to inform you that the 55th edition of the Campus placement program is currently underway, with 9,968 newly qualified Chartered Accountants registered

A total of 143 companies with a total of 11,516 vacancies have registered for the program, setting a new high

Over 5,800 job offers have already been made by the companies.

The highest annual package offered to Fresher Chartered Accountants in the current Campus Placement drive is around Rs. 30 lakh

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Based on the ICAI Report 2022, the average CA salary in India is between Rs. 8–9 lakhs per annum

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 30 lakhs.
Highest Salary of CA in India — Rs. 60 Lakhs per annum.
Annual CA Package in India after 10 years — INR 30 lakhs.

CA Final cleared in 1st attempt gets salary in India is between Rs. 12–14 lakhs per annum

CA Final Toppers get a salary in India between Rs. 15–20 lakhs per annum

CA Final cleared in multiple attempts gets a salary in India between Rs. 8–10 lakhs per annum

Minimum Salary Package of a Fresher Chartered Accountant in India

While it is true that those who clear the CA exams in multiple attempts may initially receive lower packages ranging from INR 5 to 6 lakhs per annum, it should be seen as an opportunity for growth rather than a limitation.

By continuously improving their skills and demonstrating excellence in their work, these individuals can pave their way toward more lucrative opportunities in the future.

Highest Per Month Salary of a CA in India

The earning potential for Chartered Accountants in India varies depending on factors such as experience, qualifications, and career choices. Fresher CAs who achieve top ranks in the CA exams can expect salaries ranging from 1.5 to 2 lakhs per month. With time and expertise, their earnings can increase to around 5 lakhs per month.

In addition to domestic opportunities, foreign companies also recruit Indian CAs and offer lucrative remuneration packages. These companies provide salaries of up to INR 76 lakhs per annum in recognition of the services rendered by the CAs.

Moreover, many Chartered Accountants have established successful businesses of their own, enabling them to earn substantial amounts, often in crores.

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CA Salary Comparison Between India & Other Countries

Chartered Accountant Salary Offered by Different Sectors in India 2023

The Big 4 CA 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.

The average CA salary paid by these big 4 firms ranges from INR 8–10 lakhs per annum for freshers. However, after getting experience and knowledge, these firms offer up to INR 25 lakhs per annum to a Chartered Accountant depending on his capability and skill.

Different Career Opportunities for Chartered Accountants

There are various career opportunities available for Chartered Accountants, ranging from multinational companies and FMCGs to CA firms, IT companies, and public sector undertakings. Each option has its own unique advantages and considerations.

Multinational Companies and FMCGs

Leading multinational companies such as HUL, P&G, RB, and Marico offer competitive starting salaries ranging from 18–25 lacs per annum to Chartered Accountants. These companies typically prefer candidates who have achieved a high rank, with an All India Rank (AIR) under 50. In addition to an attractive salary, these positions often come with perks and financial benefits like free conveyance, leased cars, accommodation, insurance, and more.

CA Firms

Top CA firms offer salaries ranging from INR 3–8 lacs per annum. Joining a CA firm in the early stages of your career can provide valuable exposure and work experience. Working in a CA firm allows you to develop essential skills in client management and interactions with income tax officers. With time, you can establish your own practice, which opens up opportunities for higher earnings and increased perks.

IT Companies

IT companies typically offer starting salaries of INR 8–10 lakhs per annum for fresher Chartered Accountants, while experienced professionals can expect around INR 50 lakhs per annum. Companies like TCS, Wipro, and Infosys are ideal for CAs seeking a good work-life balance with a handsome package and a manageable workload. In these roles, Chartered Accountants utilize their analytical skills and knowledge to drive profit and minimize losses. However, it’s worth noting that pursuing a career in IT companies may not provide the same level of knowledge and expertise enhancement as other options.

Public Sector Undertakings

Public Sector Undertakings (PSUs) offer a salary range of INR 7–15 lacs per annum for Chartered Accountants. Although the annual increments in PSUs are limited, it is still considered a viable career choice. Government companies such as BSNL, ONGC, BHEL, and GAIL often hire fresher CAs through the ICAI campus placement process. These companies typically shortlist candidates based on their academic performance, with marks ranging from 55% to 60%.

Does the Number of CA Exam Attempts Affect 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.