ICWA Salary in India – Pay Scale, Payslip Per Month: Guys, there are various jobs in the private sector which brings lots of responsibility and huge load of money. Jobs like Chartered Accountant, Company Secretary, Cost and Wealth Accountant and many other post. All these post are very important for the firm and plays a very crucial role in the development of economy. All these post are related to the revenue and the expenditure of the company. Today, we are here providing you the information relating to the salary and incentives of the Cost and Work Accountant Of India. The Institute of Cost & Works Accountants of India now known as Institute of Cost Accountants of India (ICMAI). This institute is the statutory professional accountancy body in India whose goal is to promote, regulate and develop the profession of Cost & Management Accountancy. It make sure that all the business firm follows the Cost Accounting Standards to which statutory maintenance of cost records applicable. ICMAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India. It works closely with the industries, various departments of Government of India, State governments in India and other Regulating Authorities in India e.g. Reserve Bank of India, Insurance Regulatory etc. It helps in optimizing the cost record of the company. Check the article below for the record of the pay scale and the pay slip of the Cost Accountant.
ICWA Salary in India – Pay Scale, Payslip Per Month
The division of salary according to ICWA is very different. Here, the salary is base cod various criteria such as according to the job, experience, degree or by the sector in which they are appointed. We are going to provide you the table which will show you the table or salary chart of the candidates annually.
These are the salary of the candidates according to the various post in the company
|ICWA Salaries in India for All Posts|
|Post Name||Annual Salary|
|Chief Financial Officer||Rs. 1,795,000 – Rs. 6,853,000|
|Cost Accountant||Rs. 118,149 – Rs. 800,000|
|Internal Auditor||Rs. 150,000 – Rs. 987,000|
|Finance Manager||Rs. 563,000 – Rs. 1,534,000|
|Assistant Finance Manager||Rs. 293,000 – Rs. 875,000|
Salary As per the Industry
There are various sector where the Cost accountant can be appointed and if the person posses the ICWA Certificate then he can be appointed easily. Check the article below to know the salary.
|ICWA Salaries in Different Sectors|
|Information Technology or IT||Rs. 1,017,000|
|Manufacturing & Distribution||Rs. 884,000|
|Financial Services||Rs. 400,000|
Salary Based On Education Qualification
Your education qualification is very important to determine your salary in the company. You must have the Bachelor or Master degree in any filed relating to commerce. Check the annual salary of the person according to their qualification
|ICWA Salary Pay Scale After BA MBA B.Com M.Com|
|M.B.A.||Rs. 121,084 – Rs. 2,936,142|
|Bachelor Degree||Rs. 236,800 – Rs. 2,421,500|
|B.Com, Commerce Economics||Rs. 201,000 – Rs. 3,000,000|
|M.Com||Rs. 587,000 – Rs. 1,600,000|
|M.B.A. (Administration Accounting & Finance)||Rs. 450,000 – Rs.1,650,000|
|B.Com||Rs. 124,500 – Rs. 1,610,730|
|Bachelor of Commerce, Accounting and Finance||Rs. 292,300 – Rs. 2,153,600|
Salaries According to The Experience
Experience is a very crucial factor of the salary. As this can get hike in your salary too much, higher the experience higher the salary.
|ICWAI Salaries for Experienced|
|Less than Year||Rs. 291,632|
|1-4 Years||Rs. 422,150|
|5-9 Years||Rs. 732,025|
|10-19 Years||Rs. 1,149,200|
|20 Years and Above||Rs. 2,904,450|
Full Offline PDF File for ICWAI Salaries Details : Download Now
Being an Officer of ICWA is not easy as it seems. It requires lot of courage and hard work .One must completely dwells himself in the accountancy to be a successful Cost Accountant. Check the steps in which the ICWA Course is divided:
ICWA Foundation: A person who is applying for this course he must be 10th or above passed from a recognized board of the county but his age should be 17 or more than that.
ICWA Intermediate: For the Intermediate a person who cleared his 10+2 can also apply or graduation in any fine disciple
ICWA Final: You can apply for this course after qualifying the ICWA Intermediate course from the institution.
Responsibilities Of A Cost Accountant
- To study and collect data of the Cost of Business Activities.
- Analyse Financial Position of the Company.
- Work On Computer technology relating to Accounts
- To give advice to managerial Staff about cost and revenues.
- Implement cost Accounting Strategies to increase company business.
Hope that you like the information shared here if you have any queries relating to the article than please comment in the comment box.