Chartered Accountant degree offered by ICAI, has their head office in Delhi. The coaching institutes in Delhi make delhi hub for CA aspirants. Freshersâ€™ CA salary is not like any other professional degree. Freshersâ€™ salaries are almost similar to the experienced ones working in other professions. This course is designed in such a way in which training before completion is mandatory. There are many specialisations in which they undergo in their intermediate and final level of their degree. This makes them trained to work for many specialisations of corporate world. Major skills in which they work are Tax compliance, Auditing, Account management, Financial Reporting and Financial Analysis.
Average salary of CA is Rs 6 Lakh per annum. The minimum salary industry offer to CA is Rs. 2.5 lakh annually and maximum salary industry provides Rs 12 lakh annually. With benefits provided by companies, their salary band becomes Rs. 3 lakh to Rs 13 lakh annually. Rank Holders are privileged with higher salary packages. Rank Holderâ€™s packages are generally above Rs. 20 lakh. One who has completed its degree in first attempt with both groups taken together , they are provided with the package above Rs. 12 lakh. If both the groups are not taken together but still completed his degree in first attempt, then their entitled salary package is above Rs.8 lakh. Other, with break in their degree are able to get the average salary package of Rs 5 lakh.
How the big corporates/MNCs spending on CA in Delhi
Ernst and young offers Rs 7.1 lakh annually with salary band of Rs 5.34 lakh and Rs 9.5 lakh. Deloitte average annual package is Rs 6.8 lakh with in the band of Rs 5.5 lakh to Rs 8 lakh. ICICI also offers handsome salary as the Ernst and young offers. Average salary provided by ICICI to CA is Rs 6.9 lakh annually. Usually, they provide the salary in the bracket of Rs. 5.5 lakh to Rs. 8.5 lakh. CA in Big companies earns Rs 5.8 lakh annually in starting of their career. As their experience increases, their salary package also increases. CA with experience of 5 to 10 year earns Rs 9.7 annually. Salary of CA with different year of experience is given below.
|Year of Experience||Salary (Monthly)||Salary Annually|
|0-5 year||Rs. 45K||Rs. 5.7 lakh|
|5-10 year||Rs. 80K||Rs. 9.6 lakh|
|10-20 year||Rs. 100K||Rs. 12 lakh|
|Above 20 year||Rs. 200K||Rs. 24 lakh|
Salary of CA in Delhi and other City
With the difference in pace of growth in the cities of India, the salary of CA also differs. Gurgaon (Delhi NCR region) is at the top to provide maximum salary packages to CA. Bangalore being the highest salary payer to professional is on the second position in providing maximum salary packages to CA. They are followed by Hyderabad, Chennai, Mumbai and Delhi. Thus, Delhi is last in major metropolitan cities to provide the highest salary. Salary of CA in different cities of India is shown in the following table and can see the average annual salary of CA in different cities.
|City||Annual Salary Band|
|Delhi||Rs 2.4 lakh to Rs 12 lakh|
|Mumbai||Rs 3.5 lakh to Rs 12 lakh|
|Chennai||Rs 3.4 lakh to Rs 12 lakh|
|Pune||Rs 3 lakh to Rs 10 lakh|
|Gurgaon||Rs 4.5 lakh to Rs 17 lakh|
|Kolkata||Rs 2.5 lakh to Rs 12 lakh|
|Ahmedabad||Rs 2 lakh to Rs 10 lakh|
|Hyderabad||Rs 2.9 lakh to Rs 17 lakh|
|Bangalore||Rs 3.75 lakh to Rs 15lakh|