Accountant Salary in India

Curious about how much accountants earn in India? Dive into the world of accounting salaries, where these money-savvy experts help businesses thrive. We’ll break down the factors that affect their pay, like experience and where they work.

The accountant in India receives an annual salary ranging between ₹3.5 LPA – ₹5 LPA, along with an average monthly salary of ₹25,896, which ranges from ₹20,343 – ₹35,894 per month. The total salary of the accountant in India includes a basic pay of ₹25,000 per month along with various cash compensation, perks, and benefits.

In this article, we have explained the Accountant salary in India with additional perks, cash compensation, and benefits in detail.

Accountant Salary in India 2024

The accountant’s salary in India depends upon various factors such as experience, company, city, designation, and more. Here, we break down the accountant’s per month salary in detail for various factors, and we also discuss additional perks and benefits.

Accountant Salary in India 2024
Accountant Fresher Salary	₹2.4 Lacs – ₹4.5 Lacs per annum
Experience (1 – 3 yr)	₹5.4 Lacs – ₹7.8 Lacs per annum
Experienced Collectors (Above 5 years)	₹10 Lacs+ per annum
Organization	Government Sector: Entry-level: ₹3.6 Lacs – ₹4.5 Lacs per annum Mid-level: ₹5.4 Lacs – ₹6.3 Lacs per annum Senior-level: ₹7.2 Lacs – ₹8.1 Lacs per annum Private Sector: Entry-level: ₹3.6 Lacs – ₹4.8 Lacs per annum Mid-level: ₹6.3 Lacs – ₹9.0 Lacs per annum Senior-level: ₹10.8 Lacs – ₹14.4 Lacs per annum
Geographical Location	Tier 1 City(Mumbai, Delhi, and Bangalore: ₹45,000 – ₹70,000 per month Tier 2 City(Pune, Chandigarh, and Jaipur): ₹35,000 – ₹55,000 per month. Tier 3 City: ₹25,000 – ₹40,000 per month
Additional Perks and Benefits	Accommodation allowance: Varies based on company and location. Travel allowance: Usually provided for job-related travel. Medical benefits: Health insurance and other medical facilities are common. Leave encashment: Unutilized leaves can be converted to cash in some companies. Pension plan: Government jobs and some private companies offer pension plans.

Accountant Salary in India: Job Role & Career Opportunites

The entry-level accountant Salary in India for a fresher is, on average, ₹25,000 per month. However, with experience, it can go up to ₹4 lakhs+ per month. Here, we outline the hierarchy of various roles in an accounting career with their average salaries, from entry-level positions to top-tier roles like CFO, CA, and finance controller.

Accountant Salary in India: Entry-Level Roles

This is an entry-level role for any fresher/graduate for a staring career in accounts. In this role, you have to do Basic bookkeeping, data entry, preparing invoices, and bank reconciliations.

• Accounting Assistant: ₹20,000 – ₹30,000 per month
• Tax Assistant: ₹25,000 – ₹35,000 per month
• Internal Auditor: ₹30,000 – ₹40,000 per month

Accountant Salary in India: Mid-Level Roles

These mid-level Accountant roles are for seasoned accounting professionals with 2+ years of experience. You’ll assume greater responsibilities here, overseeing financial operations and contributing to strategic decision-making.

• Accountant: ₹45,000 – ₹67,500 per month
• Cost Accountant: ₹52,500 – ₹75,000 per month
• Tax Consultant: ₹60,000 – ₹90,000 per month

Accountant Salary in India: Senior-Level Roles

• Financial Controller: ₹90,000 – ₹120,000 per month
• Chartered Accountant (CA): ₹1,05,000 – ₹1,66,667+ per month (highly variable)
• Chief Financial Officer (CFO): ₹2,08,333 – ₹4,16,667+ per month (highly variable)

Accountant Salary in India: Experience Wise

Here, we break down the average accountant salary in India year by year, reflecting their career experience.

Experience Level	Average Monthly Salary Range (INR)	Average Annual Salary Range (INR)
Freshers (0-1 year)	₹20,000 – ₹30,000	₹2.4 Lakhs – ₹3.6 Lakhs
1-3 Years	₹30,000 – ₹45,000	₹3.6 Lakhs – ₹5.4 Lakhs
3-5 Years	₹40,000 – ₹60,000	₹4.8 Lakhs – ₹7.2 Lakhs
5-10 Years	₹50,000 – ₹80,000	₹6.0 Lakhs – ₹9.6 Lakhs
10+ Years	₹70,000 – ₹1 Lakh+	₹8.4 Lakhs – ₹12.0 Lakhs+
Chartered Accountant (CA)	₹80,000 – ₹1.5 Lakh+	₹9.6 Lakhs – ₹18.0 Lakhs+

Accountant Salary in India: Top Companies

If you’re an accounting fresher seeking the highest-paying companies in India, we’ve compiled a list of the top 10 firms. This includes investment banks, Big 4 firms, leading MNCs, and their average monthly salary offerings for accounting freshers in India as of 2024.

Company	Average Monthly Salary (Freshers)
Investment Banks:  (Goldman Sachs, JP Morgan Chase, Morgan Stanley)	₹70,000 – ₹90,000
Big Four Accounting Firms: (EY, PwC, Deloitte, KPMG)	₹65,000 – ₹80,000
Management Consulting Firms: (Accenture, McKinsey & Company, Bain & Company)	₹60,000 – ₹75,000
Leading MNCs:  (Nestle, Unilever, ITC)	₹55,000 – ₹70,000
Large Indian Conglomerates: (Tata Group, Reliance Industries, Infosys)	₹50,000 – ₹65,000
E-commerce & Fintech Startups: (Flipkart, Amazon, Paytm)	₹45,000 – ₹60,000
Leading Pharmaceutical Companies: (Sun Pharma, Dr. Reddy’s Laboratories, Cipla)	₹40,000 – ₹55,000
FMCG Companies: (Marico, Hindustan Unilever, Dabur)	₹40,000 – ₹55,000
Leading IT Companies: (Wipro, Tech Mahindra, Cognizant)	₹40,000 – ₹50,000
Public Sector Undertakings (PSUs): (ONGC, NTPC, SAIL)	₹35,000 – ₹45,000

Accountant Salary in India: Types of Accountants

There are majorly five types of accountants in india:

• Public Accountants: Work in private practice, auditing and advising businesses and individuals.
• Corporate Accountants: Manage financial operations within companies, overseeing budgeting, forecasting, and financial analysis.
• Government Accountants: Work for government agencies, ensuring financial compliance and accountability.
• Tax Accountants: Specialize in tax laws and regulations, helping individuals and businesses navigate complex tax matters.
• Forensic Accountants: Investigate financial fraud and misconduct, offering expertise in legal proceedings.

How to Become an Accountant in India

Education Qualifications:

• Bachelor’s Degree: Entry point is a bachelor’s degree in commerce (B.Com), accounting & finance (B.Com Hons.), or a related field.
• Master’s Degree: A master’s in accounting (M.Com) or a specialized program can enhance your career prospects and open doors to leadership roles. (Optional)
• Certifications: Consider pursuing professional certifications like CA (Chartered Accountant), CMA (Certified Management Accountant), or CPA (Certified Public Accountant) for career advancement and increased earning potential.

Eligibility Criteria For Accountants in India:

• Academic Qualification: A minimum of 50% (unreserved) or 45% (reserved) in your bachelor’s degree is typically required.
• Entrance Exams: Some universities and programs may require entrance exams like CAT, MAT, or XAT.
• Skills: Strong analytical, problem-solving, communication, and computer skills are essential.

Top Colleges for a Career in Accounting in India

Here are some Top Colleges for a Career in Accounting in India:

• Indian Institute of Management Ahmedabad (IIMA)
• Delhi School of Economics (DSE)
• Narsee Monjee Institute of Management & Technology (NMIMS)
• Symbiosis Institute of Business Management (SIBM)
• St. Xavier’s College, Mumbai

Accountant Salary in India: FAQs

Q1. What is the accountant’s salary in India per month?

Ans. Accountant Salary in India per month varies greatly based on experience. Freshers typically earn between ₹20,000 to ₹30,000, while experienced accountants can earn anywhere from ₹40,000 to over ₹1 lakh monthly.

Q2. What is the accountant salary in India for freshers?

Ans. The Accountant Salary in India for freshers is approximately ₹20,000 to ₹30,000 per month.

Q3. How to become an accountant in India?

Ans. To become an accountant in India, you typically need a Bachelor’s degree in Accounting or Commerce, along with a professional qualification such as CA (Chartered Accountant) or CMA (Certified Management Accountant).

Q4. What is the CA Salary in India?

Ans. The CA (Chartered Accountant) Salary in India ranges from ₹80,000 to ₹1.5 lakh or more monthly, depending on experience and specialization.

Q5. What is the highest salary of an accountant in India?

Ans. The highest salary for accountants in India is typically earned by experienced CAs working in top firms or banks, ranging from ₹1.5 lakh monthly to even higher amounts with bonuses.

Q6. What is the CPA salary in India?

Ans. The CPA (Certified Public Accountant) salary is not directly applicable in India. Instead, CAs (Chartered Accountants) have similar roles and salaries.