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Becoming a Chartered Accountant (CA) is not just a profession but a symbol of respect and stable career. Every year thousands of students pass this examination and hope for a better future. But the biggest question is that what is the salary of a CA and how does it increase?
New Delhi. Becoming a Chartered Accountant (CA) is still the dream of the youth because this profession not only gives respect but also a handsome salary. Every year thousands of students appear in this examination in India. But the question remains that how much does a CA earn? The average salary of a chartered accountant in India is said to be around Rs 10 lakh per year. Freshers initially get a salary of Rs 50,000 to Rs 80,000 per month. At the same time, if someone gets placement in a big company, then the starting salary can reach Rs 1 to 2 lakh per month. As experience increases, income also increases rapidly.
Salary increasing with experience and position
Experience has great importance in CA profession. After a few years, when a person reaches positions like audit manager, finance manager or tax specialist, his salary goes up to Rs 2-3 lakh per month. At the senior level, this income can go up to Rs 30-50 lakh annually. Those working in big organizations and multinational companies are more likely to get better packages.
Why does CA salary change?
CA earnings depend on many factors – experience, skill, company size, industry, and city. CAs living in metro cities like Mumbai, Delhi and Bengaluru get higher salaries because both demand and expenses are higher there. Moreover, if a CA starts his own practice and builds a strong client base, his income can be higher than that of a firm employee. Those with expertise in areas like taxation, forensic audit and international accounting have the highest market value.
Career growth and future prospects
After becoming a CA, career growth does not stop, rather new opportunities open up at every level. With experience, a person can reach positions like CFO, Finance Director or Consultant. This profession not only gives stable income but also provides both self-reliance and prestige. Therefore, if a student prepares with hard work and dedication, this career can take him to the heights of financial freedom.
