Chartered Accountant Salary, Pay Slip, Pay Scale in India

By | July 31, 2019

Chartered Accountant Salary, Pay Slip, Pay Scale in India: India is a vast country and here, there are many occupation which a person can follow. As searching for the job a person wants only two things good salary, incentives and good working environment. We are here today providing you the information relating to such post which can brought both salary and good incentives and that too in the private sector. Every Indian wants a job in government sector as they provided good salary and incentives but there are some post in the private sector which comes with lots of perks and you can also work as a freelancer if you have that degree related to it. We are here talking about the job of a Chartered Accountant or popularly known as C.A.

Chartered Accountant Salary

The exams for the chartered accountant are considered to be a most toughest exam all over the globe. Every year many students apply for its first attempt but only few are able to crack it in one go. Today here in this article we are going to provide you the each and every information related to this topic from salary to its incentives and course to is syllabus.

CA Age Eligibility

Chartered Accountant Salary and Incentive 2019-20

The salary of a chartered accountant range from company to company. This means the salary is decided by the company and the employees mutual consent. The basic salary which a company offers is given below in the chart. Check the chart to know the income of the employees.

CA Salary Per Month In India | Chartered Accountant Salaries Pay Slip

ParticularsAmount
SalaryRs. 403,000 to Rs. 2 M
BonusRs. 19,000 to Rs. 90,000
Profit SharingRs. 19,000 to Rs. 48,400
CommissionRs. 19,000 to Rs. 51,000
Total PayRs. 408,000 to 2 M

CA Exam Syllabus

As you van see that the salary of a Chartered Accountant is not fixed as there are many incentives which keeps on adding and there are many other addition than this. As this is the job relating to the private sector. So, the salary can also be affected by the market time to time. This happens because market is dynamic nature.

How To Become A Chartered Accountant

All the exams for the C.A. is conducted by ICAI (Institute Of Chartered Accountant India). This is the national professional accounting body of India. Established on 1st July 1949 under the Chartered Accountants Act, 1949 enacted by the Parliament to regulate the profession of Chartered Accountancy in India. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.

The exam for the Chartered Accountant is divided int three parts each parts checks the different type of knowledge of the candidates. The exam of a candidates is divided into three parts:

  • Common Proficiency Test (CPT),
  • Integrated Professional Competence Course (IPCC)/IPCE,
  • Three years Article ship/ Training under a Practicing C.A,
  • A. Final

C.P.T. (Common Proficiency Test)

This is the starting step on a cycle of being a Chartered Accountant. To be a Chartered Accountant at first you need to get registered for it. You can appear for CPT examination after appearing in 10+2 examination and after completion of period of at least 60 days from the date of registration for CPT. On the first day of the month in which examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination. Timing plays a very vital role in this exam. This test check the general awareness of the candidates and this course contains questions related to the Accounts, Economics, G.K. and many other subjects.

IPCC (Integrated Professional Competence Course)

This is the second step of the IPCC and a candidates must be pass both CPT and 10+2 before registering for IPCC. For IPCC a candidate must get registered before the 9 months in which exam is held. This steps have total 7 papers divided into two groups. Group I is composed of four papers and Group 2 is composed of three papers. Passing Group I is necessary for commencing Article ship.

ITT

This step needed to be completed before getting yourself registered for Article ship. The main motive behind this step is to get trained in computer program. This hundred hours training covers various topics such as, personality development, communication skills, office procedure, business environment, general commercial knowledge, etc. There is no fixed time for completing your orientation but you should get completed before your article ship. For both the groups you can either attempt them together or one by one. You can also appear for group 2 during your article ship.

Article ship

This is the training session of a candidate for this the candidates need to get registered for 3 years and complete its training under a practicing Chartered Accountant on passing either Group I or both the Groups of IPCE.

C.A. Final

After completing all the various steps of exam and your internship there is one more exam which a candidates need to clear and after this you are ready to receive a certificate from ICAI.

Responsibilities of a Chartered Accountant

Yes,  a C.A. receives a huge amount of salary but he also have loads and loads of responsibilities on his shoulder. Check the points below to look the responsibility of a Chartered Accountant:

  • Managing financial systems and budgets
  • undertake financial audits
  • Determining Financial Position of a country.
  • Providing financial information and advice
  • Review the company’s systems and analyse risk
  • Perform tests to check financial information and systems
  • Maintain accounting records and prepare accounts and management information for small businesses (accountancy)
  • Advise clients on business transactions, such as mergers and acquisitions.
  • counsel clients on areas of business improvement, or dealing with insolvency
  • detect and prevent fraud
  • manage junior colleagues
  • produce reports and recommendations following internal audits or public-sector audits
  • advise on tax and treasury issues
  • negotiate terms with suppliers.

Hope that the information shared here is very useful for you. If you find this information useful than share it on the social media profile. And for further queries comment in the comment box.

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